News & Press Releases
Path2College 529 Plan and DECAL award Statesboro five-year-old $1,529 for her college savings
STATESBORO, GA—Sarah Porter, a four-year-old from Statesboro, was awarded $1,529 for her college savings today as one of four statewide winners of the 2019 Path from Pre-K to College Sweepstakes.
“Providing for my children’s college needs would have been financially impossible at this point in our lives. To see my child, Sarah, have the beginnings of an opportunity to save for her future is one of God’s amazing gifts to her and our family,” said Melana Chasteen, Sarah’s mom.
Sarah’s Pre-K program at Mattie Lively Elementary School, was also awarded $529.
"We are so excited that one of our Mattie Lively students was selected as the recipient of the Path2College Sweeptakes. I know that Sarah and her family are thrilled to start financial planning for college while she is still so young. Our school will use the money that we receive to purchase more hands-on learning materials for the PreK classroom,” said Dr. Carolyn Vasilatos, Principal at Mattie Lively Elementary School.
This is 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 through a sweepstakes.
“Our goal is to reach families with young children and educate them about the state’s college savings plan and the importance of financial planning to help their children achieve their educational, career and life goals,” said Caylee Noggle, 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. “By saving small amounts regularly over time, families can have a tremendous impact to help offset the cost of continued education.”
Four Georgia children—one in Metro Atlanta, Southeast, North and South Georgia—were randomly selected to win.
On behalf of the Department of Early Care and Learning, I congratulate the winners of the Pre-K to College Sweepstakes,” said DECAL Commissioner Amy M. Jacobs. “A family’s involvement in their child’s education...academically, socially, and financially...is critical, and DECAL and the Path2College 529 Plan are honored to partner with parents to help their children succeed.”
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.