News & Press Releases
Piedmont Columbus Regional Welcomes First “529 Day Baby” to Raise Awareness About Saving for College
COLUMBUS, GA — Across the country, states are celebrating May 29 and encouraging families to think about saving in a 529 college savings plan. Georgia is no exception. Today, the first baby born at Piedmont Columbus Regional was awarded with $1,529 for her Path2College 529 Plan to raise awareness about saving for college.
“This is a wonderful opportunity to participate in the future education of one of our youngest patients. The goals of this program align with our mission to support the needs of children in our community and to make a difference in the lives we touch,” said Cary Burcham, Chief Nursing Officer at Piedmont Columbus Regional.
The Powell-Johnson family of West Point, Georgia, welcomed 7-pound 10-ounce baby girl, Krissi’Monae, and she was awarded a college savings contribution before she was even 24 hours old.
“This is the start of beautiful journey,” said new parents Channette Powell and LaDecker Johnson.
This is the fifth year the Path2College 529 Plan has partnered Piedmont Columbus Regional to award a college savings account to a “529 Day Baby.”
“New parents have so much to think about, and college is too often not at the top of the list. We are hoping to change that by helping more families across Georgia with financial planning for their children’s future through the state’s college savings plan—the Path2College 529 Plan,” said Georgia State Treasurer Lynne Riley.
The Path2College 529 Plan is offering new parents across the state a chance to win $5,529 for their new baby’s college savings through its Newborn Sweepstakes. Parents, grandparents and guardians of Georgia babies born in 2020 may go to www.Path2College529.com until April 14, 2021, for official rules, prize details and to enter for a chance to win the 2020 Newborn Sweepstakes. Entrants must be legal residents or taxpayers of Georgia and at least 18 years of age to enter. No purchase necessary. Void where prohibited. Sponsored by the Path2College 529 Plan.
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. 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.