NEST account payments for student loans approved

Nebraska educational savings plan trust accounts may be used to repay student loans under a bill passed by lawmakers April 12.

Under LB864, introduced by Sen. Tim Gragert of Creighton, accounts may be used to pay the principal and interest on the qualified education loan of a beneficiary or the beneficiary’s sibling.

The bill caps aggregate total payments at $10,000 per person.

LB864 passed on a vote of 47-0.