Jefferson Shreve

04/11/2025 | Press release | Distributed by Public on 04/11/2025 08:04

Congressman Shreve Joins Efforts To Expand Education Savings Plan for Hoosiers & Invest In America's Workforce

Washington, DC -- Congressman Jefferson Shreve (IN-06) joined the effort to expand the use of 529 education savings plans to cover expenses for trade schools, apprenticeships, and aviation-focused programs. This will help more Hoosiers obtain and retain well-paying jobs that don't require a traditional four-year degree.

Congressman Shreve cosponsors the following legislation:

  • The Freedom to Invest in Tomorrow's Workforce Act. This bill broadens the scope of qualified expenses under 529 savings plans to include postsecondary training and credentials, including licenses and non-governmental certifications. The bill will provide tax-advantaged resources to families, students, and workers - regardless of whether they possess a college degree. This bill was introduced by Congressman Rob Wittman (VA-01).
  • The Aviation Workforce Development Act. This bill makes training at FAA-certified commercial pilot schools and aircraft maintenance technician schools a qualified expense for 529 savings plans, encouraging Americans to become skilled pilots and mechanics, furthering our aviation workforce. This bill was introduced by Mike Collins (GA-10).

Congressman Shreve said, "As a member of the Aviation Subcommittee, I recognize the urgent need to strengthen our aviation workforce. While expanding opportunities for all Hoosiers pursuing hands-on careers. These bills ensure that 529 savings plans work for everyone. Indiana is a leader in apprenticeship programs - and these commonsense bills allow our skilled workers to adequately invest in their futures."

Indiana Treasurer of State Daniel Elliot said, "Allowing 529 funds to cover expenses for these hands-on programs is a major investment in the future of our workforce. I appreciate Congressman Shreve's leadership in working to expand the use of these educational funds, opening more doors for Hoosiers to gain practical skills, training, and experience. Expanding access to these resources not only creates more opportunities but will also strengthen our economy. I'm grateful for the Congressman's support of these crucial bills for Indiana."

529 funds are tax-advantaged investment accounts that are a tool for parents or guardians to save for their child's education. Allowing 529 funds to cover alternative education opportunities is a critical investment in America's skilled workforce with zero increased cost to taxpayers. Indiana ranks among the top five states for the highest number of people in active apprenticeships.