{"id":23648,"date":"2019-05-14T10:16:16","date_gmt":"2019-05-14T16:16:16","guid":{"rendered":"https:\/\/www.summitdaily.com\/?p=365885"},"modified":"2019-05-14T10:16:16","modified_gmt":"2019-05-14T16:16:16","slug":"colorado-to-set-aside-100-for-college-savings-for-each-child-born-or-adopted-through-2040-in-the-state","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kift\/local-news\/colorado-to-set-aside-100-for-college-savings-for-each-child-born-or-adopted-through-2040-in-the-state\/","title":{"rendered":"Colorado to set aside $100 for college savings for each child born or adopted through 2040 in the state"},"content":{"rendered":"<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"413\" src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/CMCDegrees-SDN-041219-1-2.jpg\" class=\"attachment-large size-large wp-post-image\" alt srcset=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/CMCDegrees-SDN-041219-1-2.jpg 620w, https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/CMCDegrees-SDN-041219-1-2-300x200.jpg 300w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\"><figcaption><strong>Gov. Jared Polis on Monday signed House Bill 1280, setting aside $100 for all Colorado kids born or adopted between 2020 and 2040.<\/strong><br \/><em>Hugh Carey \/ hcarey@summitdaily.com<\/em><\/figcaption><\/figure>\n<p>Children born or adopted in Colorado can soon have a college savings account partially funded for them by the government.<\/p>\n<p>Gov. Jared Polis on Monday signed&nbsp;<a href=\"https:\/\/leg.colorado.gov\/sites\/default\/files\/documents\/2019A\/bills\/2019a_1280_enr.pdf\">House Bill 1280<\/a>, setting aside $100 for all Colorado kids born or adopted between 2020 and 2040. The amount is adjusted for inflation, so it may be more than $100 in future years.<\/p>\n<p>The new law creates savings accounts for Colorado children through CollegeInvest, a division within the Department of Higher Education that does not use taxpayer dollars. As much as $3.4 million from a CollegeInvest scholarship fund&nbsp;<a href=\"https:\/\/leg.colorado.gov\/sites\/default\/files\/documents\/2019A\/bills\/fn\/2019a_hb1280_r2.pdf\">could be needed<\/a>&nbsp;to pay for the new law next year.<\/p>\n<p>\u201cWe are using that scholarship fund but it will not negatively impact our other programs,\u201d said CollegeInvest CEO Angela Baier in an interview before the bill signing. \u201cWe\u2019ll continue doing matching grants at the same level and we\u2019ll continue doing scholarships.\u201d<\/p>\n<p><a href=\"https:\/\/www.denverpost.com\/2019\/05\/13\/colorado-college-savings-babies\/\" target=\"_blank\" rel=\"noreferrer noopener\">Read the full story at The Denver Post.<\/a><\/p>\n<p><a href=\"https:\/\/www.summitdaily.com\/news\/colorado-to-set-aside-100-for-college-savings-for-each-child-born-or-adopted-through-2040-in-the-state\/\" target=\"_blank\" rel=\"noopener noreferrer\">via:: Summit Daily<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gov. Jared Polis on Monday signed House Bill 1280, setting aside $100 for all Colorado kids born or adopted between 2020 and 2040.Hugh Carey \/ hcarey@summitdaily.com Children born or adopted in Colorado can soon have a college savings account partially funded for them by the government. Gov. Jared Polis on Monday signed&nbsp;House Bill 1280, setting [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[97],"tags":[],"class_list":{"0":"post-23648","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-10 21:53:01","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KIFT - The LIFT FM","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/kift","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/posts\/23648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/comments?post=23648"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/posts\/23648\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/media?parent=23648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/categories?post=23648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/tags?post=23648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}