STATEHOUSE (March 3, 2021) – Several apprenticeship programs are now considered qualified expenses for funds saved through the CollegeChoice 529 Savings Plan, according to State Rep. Doug Miller (R-Elkhart).
The plans help families save for future education expenses, and as of the end of last year, Hoosiers in House District 48 saved over $97 million through the CollegeChoice program for more than 7,000 students to pay for a traditional four-year college or technical school. Miller said these accounts can now be used to pay for a qualified apprenticeship program.
"An apprenticeship is a great educational option for students to explore their talent and passions," Miller said. "Our trades are in need of skilled workers to fill high-paying jobs, and these programs are great way to gain experience and build resumes."
According to Miller, qualified apprenticeship programs must be certified by the Secretary of Labor in order to be considered as acceptable expenses with this long-term savings plan.
Miller said this comes at a time when Indiana is working to skill up its workforce and fill thousands of unfilled, high-paying positions across the state. Many of these positions require an applicant to undergo apprenticeship training.
For more information about how to sign up for a CollegeChoice 529 Savings Plan, visit in.gov/tos/iesa.
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State Rep. Doug Miller (R-Elkhart) represents House District 48, which includes portions of Elkhart County.
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