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One Georgia baby born in 2019 to win $5,529 college savings contribution

Apr 29, 2019

ATLANTA – Georgia families who celebrate the birth of a baby in 2019 once again have a chance to win more than $5,500 for his or her college savings. The Path2College 529 Plan recently kicked-off its Newborn Sweepstakes that will award one baby born in Georgia this year with a $5,529 contribution toward his or her Path2College account. The Path2College 529 Plan will also award $1,529 to the hospital where the Newborn Sweepstakes winner was born.

“We hope that through our Newborn Sweepstakes, we will be able to inspire many more Georgia families to begin saving.” said Caylee Noggle, Interim President of the Georgia Student Finance Commission, which partners with the Office of the State Treasurer to administer the Path2College 529 Plan for the state of Georgia.

Last year, Path2College reached out to more than 132,000 families who celebrated the birth of a child in Georgia to inform them about the state’s college savings plan and the opportunity it provides to save for future education expenses.

“If we inspire even a small number of these families to begin saving early, then we have helped create a more solid financial and educational foundation for those children. And, of course, the Newborn Sweepstakes is a great way to jumpstart that savings. We hope all new parents and grandparents will take a moment to enter and to find out more about the advantages of saving for college,” said Noggle.

Parents, grandparents and guardians of Georgia babies born in 2019 may go to www.Path2College529.com until April 14, 2020, for official rules, prize details and to enter for a chance to win the 2019 Newborn Sweepstakes. Entrants must be legal residents or taxpayers to Georgia and at least 18 years of age to enter. No purchase necessary. Void where prohibited. Sponsored by the Path2College 529 Plan.

This is the ninth year Path2College 529 Plan has held its Newborn Sweepstakes, and to date, Path2College has awarded more than $38,000 to Georgia children and more than $10,000 to Georgia hospitals through its Newborn Sweepstakes. The 2017 winner was born at University Hospital in Augusta; the 2016 winner was born at Cartersville Medical Center; the 2011, 2013, 2014 and 2015 winners were born at Northside Hospital in Atlanta; and the 2012 winner was born at Doctors Hospital in Augusta. The 2018 winner will be announced soon.

For more information about the Path2College 529 Plan or to open a college savings account, please visit www.Path2College529.com or call (877) 424-4377.

To learn more about the Path2College 529 Plan, its investment objectives, tax benefits, risks, and costs please see the Disclosure Booklet at path2college529.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. Check with your home state to learn if it offers tax or other benefits such as financial aid, scholarship funds or protection from creditors only available for investing in its own 529 plan. Consult your legal or tax professional for tax advice, including the impact of the new federal tax changes. If the funds aren't used for qualified higher education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply.

TIAA-CREF Individual & Institutional Services, LLC, Member FINRA and SIPC, distributor and underwriter for the Path2College 529 Plan.

 

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