News & Press Releases
Path2College 529 Plan and DECAL kick-off statewide Pre-K Sweepstakes to encourage families to plan for continued education
ATLANTA – For the second year, the state of Georgia’s Path2College 529 Plan and the Department of Early Care and Learning (DECAL) have partnered to help inform families about the importance of financial planning to help children continue their education after high school.
The 2019 Path from Pre-K to College Sweepstakes kicked-off today, where four children across the state will each win $1,529 for a Path2College 529 Plan. The child’s Pre-K program will also win $529.
“By working with DECAL, we can reach more families with young children and help them recognize the value of saving for college, as well as the advantages of saving in the state’s Path2College 529 Plan. Saving even small amounts over time can really have an impact on future financial plans for college, so it’s critical that we reach families when their children are young,” 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.
Parents, legal guardians or grandparents with children enrolled in one of Georgia’s Pre-K Programs may submit entries online at www.path2college529.com/PreK. Four entries (one per region – Metro Atlanta, Southeast, North and South Georgia) will be randomly selected to win.
According to DECAL Commissioner Amy M. Jacobs, “Through the work of DECAL and the Path2College 529 Plan, families can be involved in their children’s academic careers from the time they are born. DECAL helps lay a solid foundation for lifelong learning in children’s lives, and the Path2College 529 Plan helps ensure that students have the resources to pursue the college and career paths of their choice.”
The 2018 winners of the Pre-K sweepstakes included Madilynn House and Greenbrier Preschool in Evans, Alexander Francis and Hahira Elementary School in Hahira, Logan Castine and Inverness Child Development Center in McDonough, and Tommy Johnson and Charles Ellis Montessori Academy in Savannah.
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.