News & Press Releases
Doctors Hospital of Augusta celebrates first “529 Day Baby” born with $1,529 contribution to a Path2College 529 Plan account
AUGUSTA, GA—While May 29 may not seem like a day to celebrate, for the Brown family, there were two reasons—the birth of their nine-pound five-ounce baby girl, Mia, and for winning a college savings contribution for Mia before she was even 24 hours old.
“This is a pleasant surprise. We are excited to grow our family and are blessed to welcome Mia with a head start on her college savings plan,” said Scott and Caitlin Brown, Mia’s parents.
Doctors Hospital of Augusta once again partnered with the state of Georgia’s Path2College 529 Plan to raise awareness of the importance of saving for college by awarding the first baby born on May 29th at the hospital with a $1,529 college savings contribution.
“State-sponsored college savings plans across the country celebrate May 29, or 5/29, and work to educate families in their respective states about the importance of saving for college and the benefits of saving in 529 plans.” 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. “If we can reach just a small number of Georgia families and inspire them to begin saving early, then we have helped create a more solid financial and educational foundation for those children.”
This is the fifth 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 Donna Riordan, Director of Women’s Services at 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 2019 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 www.path2college529.com. No purchase necessary. Void where prohibited. Sponsored by the Path2College 529 Plan. No taxpayer dollars are used for Path2College promotions.
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, certain room and board costs, books, supplies, equipment required for enrollment, and K-12 tuition. Families can invest in a Path2College 529 Plan for as little as $25.
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.