DE HCR141

Proclaims May 29, 2024, as "DE529 Day" in Delaware to recognize the importance of saving for higher education.

Urges families and employers throughout Delaware to recognize the benefits of higher education and encourage citizens to begin saving for children's education.

Acknowledges that rising costs of higher education have outpaced inflation and family income growth, creating barriers to post-secondary education access.

Highlights Delaware's DE529 Education Savings Plan administered by the State Treasurer, which offers state tax deductions up to $1,000 for individual filers and $2,000 for joint filers with specified income limits.

Notes the "First State, First Steps" program provides a $100 incentive for new DE529 accounts for young children to enhance accessibility of college savings.