This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

graduation

DES MOINES, Iowa — The cost of a college education seems to rise each year and that is saddling students with thousands in debt upon graduation.

Studies shows recent Iowa college graduates had over $30,000 in debt.

Two groups are teaming up to offer some help. Iowa Student Loan and College Savings Iowa are giving out 20 $1,500 savings deposit as part of the Save Now, Save Later: College Savings Plan Parent Giveaway.

To qualify parents must be Iowa residents and must have a child in grades nine through 12.

“Fifteen-hundred deposit can make a real difference. It can make a difference in your ability to pay for college now, but if you borrow that much less for college it helps you get a good start after college and after graduation and getting your feet under you financially,” says Steve McCullough, CEO Iowa Student Loan.

To register, visit http://www.studentloan.org/Save-Now-Save-Later/Default.aspx?cid=savenow

You can sign up through December 19th. Winners will be notified in February.