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7 On Your Side Recovers $11,000 in Unclaimed College Savings Funds for New Jersey Family

Eyewitness News ABC7NYNovember 5, 20252 min1,562 views
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Unclaimed College Savings Plan Funds

  • 🎯 A New Jersey family, the Sullivans, faced the disappearance of an $11,000 529 college fund started for their son, James, in 2015.
  • ⚠️ After the investment firm stated the funds were no longer with them and the family received no contact, they were unable to locate the money.

Search for Unclaimed Property

  • πŸ” The family attempted to find the funds through the New Jersey unclaimed funds website, but James's name did not appear in the database.
  • πŸ’‘ Despite six months of personal effort and frustration, the tenacious mother refused to give up on recovering her son's money.

7 On Your Side Intervention

  • πŸ“ž After contacting Channel 7's "7 On Your Side" segment, the New Jersey Department of Treasury was engaged.
  • βœ… Within 24 hours, the Sullivans received the necessary paperwork to claim their unclaimed funds.

Successful Recovery

  • πŸ’° James Sullivan was finally reunited with $10,855.99, marking a successful resolution to the decade-long search.
  • πŸ‘ The family expressed immense gratitude to Nina Pineda and the "7 On Your Side" team for their crucial assistance.
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What’s Discussed

529 College Savings PlanUnclaimed PropertyNew JerseyInvestment FundsFinancial RecoveryConsumer AdvocacyCollege Savings
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