'MOST' Should Be Changed Cautiously, Treasurer Says
Jefferson City, MO – Missouri's State Treasurer says parents should have more options when saving for college, but she adds the state should add those options cautiously.
Sarah Steelman told a state Senate Committee on Monday that consumers need to be ensured of what they're getting.
She was speaking to legislation that would make changes to the MOST (Missouri Savings for Tuition) program.
MOST offers tax breaks on money invested for college. Legislation in Jefferson City would extend those tax breaks to money invested in other states' tuition savings plan.