News & Press Releases
First “529 Day Baby” at Doctors Hospital of Augusta awarded $1,529 contribution to Path2College 529 Plan account
AUGUSTA—This morning at 12:30 a.m., Kimberly and Roy Cheney welcomed a 10 pound baby boy, Thomas Allen Cheney. Shortly thereafter, they were surprised to learn that Thomas was the first baby born at Doctors Hospital of Augusta on May 29, or 529 Day, and as a result, he won $1,529 for his college savings.
“Having a new baby is exciting, and to learn that Thomas is off to an early start on his college savings add to that excitement,” said Kimberly Cheney.
May 29 (5/29) is known across the nation as 529 College Savings Day, and state-sponsored 529 College Savings plans use this date to recognize the importance of saving for college. The Path2College 529 Plan once again teamed with Doctors Hospital of Augusta to award the first “529 Day Baby” born at the hospital on May 29 with a $1,529 college savings contribution.
This is the fourth year the Path2College 529 Plan has partnered with Doctors Hospital of Augusta to award a college savings account to a “529 Day Baby.”
“We are honored when families choose us to share their special moments and are glad to partner with Path2College to provide a jumpstart toward a bright future for one of our babies,” said Karen Smith, CNO, Doctors Hospital.
In an effort to reach parents and encourage college savings early in a child’s life, the Path2College 529 Plan is once again holding its Path2College Newborn Sweepstakes, which will award one child born in Georgia in 2018 with $5,529 for his or her Path2College 529 Plan. The hospital where the child is born will win $1,529. For additional details, official rules and to enter, visit Path2College529.com. No purchase necessary. Void where prohibited.
The Path2College 529 Plan, established in 2002, is Georgia’s tax-advantaged college savings plan families can use to help pay for higher education expenses such as tuition, fees, books, supplies and equipment required for enrollment. Families can invest in a Path2College 529 Plan for as little as $25.
For more information about the Path2College 529 Plan, visit www.Path2College529.com.
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.