By Daniel Stefanski |
More Arizonans are saving for their children’s education and benefiting from the stewardship of the state’s treasurer.
This week, the “X” account for the Arizona Education Savings Plan announced that “under the leadership of Arizona Treasurer Kimberly Yee, 33,632 529 accounts have been opened in the last 37 months,” and that “assets are up 16.6% in that same time frame to $1.89 billion.”
Yee serves as the Chairwoman of the AZ529 Plan Advisory Committee. According to its website, this committee “assists the Treasurer’s Office in promoting and raising awareness of the AZ529 Plan in accordance with A.R.S. § 41-179.” The Arizona 529 Plan “is a college savings plan named after Section 529 of the Internal Revenue Code sponsored by the State of Arizona,” and “is designed to provide a parent, grandparent, or anyone else an opportunity to save for a child’s educational dreams within a tax-deferred savings vehicle.”
Last month, the Arizona Education Savings Plan was upgraded to a ‘silver’ rating by Morningstar, which “reflected a superior investment team and/or investment process that should benefit the participants.”
Joining Treasurer Yee on this advisory committee are the following appointees:
- Rural Community College District Representative: Keith Alexander, Special Assistant to the President for Community and Government Relations, Eastern Arizona College
- ABOR Public University Representative: Dr. James Rund, Senior Vice President for Educational Outreach and Student Services, Arizona State University
- Private Educational Institution Offering Advanced Degrees Representative: Brian Mueller, President, Grand Canyon University
- Private Vocational Training Institution Representative: David Eaker, Campus President, The Refrigeration School
- Apprenticeship Program Representative: Gary Schleuger, Vice President of State Government Affairs and Relations, University of Phoenix
- Private School or Organization offering K-12 Instruction Representative: Chris Schoenleb, Head of School, North Valley Christian Academy
- Teacher Representative: Karen Mensing, Technology Integration Facilitator, Paradise Valley Unified School District
- Tribal Representative: Honorable Shaandiin Parrish, Council Delegate, Navajo Nation
- Public Member: Maria Baier, Vice President of External Affairs, Great Hearts America
- Public Member: Christine Burton, Co-Founder, Burton Family Foundation
- Public Member Representing an Arizona-Based Nonprofit Organization: Susan Ciardullo, Executive Director, Life Long Learning Inc.
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
