Investors Can Win $529 for College Savings with WIN 529
New promotion from College Savings Plan of Nebraska will give away two $529 college savings awards each month.
Nebraska State Treasurer Shane Osborn announced that participants in the College Savings Plan of Nebraska will be eligible to win a $529 contribution to their account in monthly drawings beginning in November and going through July 2010.
The WIN 529 promotion will select two $529 winners each month — one existing account holder and one new account holder. Monthly winners will be announced beginning next month at the plan’s Web site, www.PlanForCollegeNow.com.
“This is a great time to start a college savings account,” Treasurer Osborn said. “Saving for college is incredibly important, and the WIN 529 promotion will provide winning students with financial aid that could grow over time to help pay for their education. We’re fortunate here in Nebraska to have a quality 529 college savings plan in which Nebraskans can set aside money for future college expenses.”
Osborn also noted that the College Savings Plan of Nebraska isn’t just for Nebraskans. In fact, investors from all 50 states as well as all 93 Nebraska counties have chosen to invest in the College Savings Program of Nebraska, and the WIN 529 promotion is open to all account holders, regardless of residence.
Nebraska taxpayers receive the additional benefit of being able to claim an annual Nebraska state income tax deduction of up to $5,000. In 529 plans, funds are typically invested in a variety of diverse mutual funds, with the returns growing on a tax-deferred basis. And when the funds are used for qualified college expenses, they remain tax-free.
“No matter what happens in the economy, it’s critical that families start saving early and contribute consistently to accumulate sufficient savings to pay for future college costs,” said Jay Steinacher, college savings group manager with Union Bank. “Many families are able to contribute $25, $50 or $100 each month for their loved ones’ future college needs, and they do it consistently. It’s fantastic to see the pride families take in establishing accounts and giving the ultimate gift of a college education to their children and grandchildren.”
For more information and important details about the WIN 529 promotion from the College Savings Plan of Nebraska, visit www.Win529.com.
About the College Savings Plan of Nebraska
Nebraska State Treasurer Shane Osborn serves as trustee; the Nebraska Investment Council oversees the investments; and Union Bank & Trust Company, a Nebraska-based bank with more than $11 billion of bank and trust assets, serves as program manager. For more information about the College Savings Plan of Nebraska, please visit www.PlanForCollegeNow.com, call (888) 993-3746, contact an investment professional.