To help with the costs of college, the Office of Human Resources is offering its newest benefit — the Missouri Saving for Tuition Program (MO$T), a flexible higher-education savings program.
Effective Oct. 1, active benefits-eligible faculty and staff of the University will have the opportunity to make contributions to a MO$T account through the convenience of direct deposit for a child, grandchild or another family member, including the employee.
Benefits of enrolling in the MO$T program include a Missouri state income tax deduction of up to $8,000 annually; investment earnings that grow both state and federally tax-free; qualified expenses including tuition, fees, certain room and board, books, supplies and equipment; use of funds at any eligible post-secondary institution in the country; and three investment options with TIAA-CREF.
The program requires an initial minimum contribution of $25 with an online application, or $15 per account per pay period, through direct deposit.
To learn more, attend one of the following brown-bag lunch presentations or visit with a MO$T representative at an information table:
• A West Campus presentation will be from 11:30 a.m.-12:30 p.m. Sept. 9 in the Library Conference Center, Room A/B. The information table will be set up from 10 a.m.-2 p.m. in multipurpose Room 2128.
• The Hilltop Campus presentation will be from noon-1 p.m. Sept. 10 in Simon Hall, Room 120. The information table will be set up from 10 a.m.-2 p.m. in The Gargoyle in Mallinckrodt Student Center.
• The Medical Campus presentation will be from 11:30 a.m.-12:30 p.m. Sept. 11 in Cori Auditorium. The information table will be set up from 10 a.m.-2 p.m. in the Seashell Lobby.
To obtain more information about MO$T, call (888) 414-MOST or go online to www.missourimost.org.
To access the application forms, either go to the MO$T Web site at the address above or go to the human resources Web site, hr.wustl.edu.