DES MOINES, Iowa — The cost of a college education seems to rise each year and that is saddling students with thousands in debt upon graduation.
Studies shows recent Iowa college graduates had over $30,000 in debt.
Two groups are teaming up to offer some help. Iowa Student Loan and College Savings Iowa are giving out 20 $1,500 savings deposit as part of the Save Now, Save Later: College Savings Plan Parent Giveaway.
To qualify parents must be Iowa residents and must have a child in grades nine through 12.
“Fifteen-hundred deposit can make a real difference. It can make a difference in your ability to pay for college now, but if you borrow that much less for college it helps you get a good start after college and after graduation and getting your feet under you financially,” says Steve McCullough, CEO Iowa Student Loan.
To register, visit http://www.studentloan.org/Save-Now-Save-Later/Default.aspx?cid=savenow
You can sign up through December 19th. Winners will be notified in February.