Hickenlooper Signs Bill to Encourage Saving for College

(May 28) – Gov. John Hickenlooper signed a bill today to make it easier for Coloradans to plan for the future by investing in college savings plans.

SB13-206, sponsored in the House by Rep. Brittany Pettersen (D-Lakewood), changes state income tax forms to allow Coloradans to deposit their tax refunds directly into a college savings account. The new forms will also provide information on how to set up an account through CollegeInvest, which administers Colorado’s federal college savings plans (529 plans).

“This will help Coloradans and their families prepare for the future by spreading awareness and helping them take advantage of these savings programs, making it much more likely that they will attend college,” Rep. Pettersen said. “It’s an important tool that Coloradans can use to achieve their educational and career goals.”

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