Delaware House Bill HCR64

Delaware 2025-2026 Regular Session

• Introduced: 6/11/25
• Engrossed: 6/11/25

Caption

Recognizing May 29th As De529 Day.

Impact

HCR64 does not amend any laws but serves to reaffirm the State's commitment to supporting educational savings initiatives. The resolution underscores the challenges families face in affording education amid rising costs that exceed inflation and wage growth. It is aligned with state interests in ensuring a well-educated workforce, directly benefiting Delaware's economy by fostering a culture of savings over indebtedness for educational expenses.

Summary

House Concurrent Resolution 64 (HCR64) recognizes May 29th as DE529 Day in the State of Delaware. The resolution aims to promote awareness of the DE529 Education Savings Plan, which is designed to assist families in saving for the high costs associated with post-secondary education. By highlighting this day, the resolution emphasizes the importance of education savings and encourages citizens to utilize savings plans to reduce reliance on student loans, which have become a mounting burden on graduates.

Sentiment

The sentiment surrounding HCR64 appears to be predominantly positive, as it aligns with broader societal goals of improving access to education through financial planning. Supporters of the resolution include lawmakers and educational advocates who believe that promoting savings is essential for alleviating the financial stresses currently affecting families when planning for their children's education. There seems to be a collective acknowledgment of the positive implications for the state's workforce if parents are better prepared to fund higher education.

Contention

While HCR64 is largely favorable, potential areas for contention could arise from discussions around the effectiveness of the DE529 plan itself. Critics may argue about the accessibility and benefits of such programs for lower-income families, suggesting that simply proclaiming a day is insufficient without actionable measures to ensure all families can effectively save for education. However, no direct opposition to HCR64 has been noted in the available discussions.