News & Press Releases
One Georgia Baby Born in 2017 to Win $5,529 College Savings Contribution
ATLANTA—If you have had or are expecting a baby in 2017, you could win money for your baby’s college savings through the state’s Path2College 529 Plan’s 2017 Newborn Sweepstakes.
Established seven years ago to help educate new parent’s about Georgia’s 529 college savings plan, the Newborn Sweepstakes provides Georgia families who have a baby this year with an opportunity to enter for a chance to win a $5,529 contribution toward a child’s or grandchild’s college savings. The Path2College 529 Plan will also award $1,529 to the hospital where the Newborn Sweepstakes winner was born.
“When families welcome a new baby, it is often an overwhelming time with new responsibilities and challenges, and college seems like it’s too far away to think about,” said Mitch Seabaugh, executive director of the Path2College 529 Plan. “But, as those of us that have raised children know, the time goes by quickly, and college will be here before they know it. Saving small amounts over time can have a tremendous impact, and that’s why we want to reach out to new parents and encourage them to create a financial plan to help pay for their child’s future education TODAY.”
Parents and grandparents can go online to enter the Newborn Sweepstakes, and Seabaugh said he hopes when they do, they will take some time to learn about the state’s Path2College 529 Plan and its benefits, including state and federal tax advantages.
“We hope people will take a few minutes to open an account to help with the future cost of their loved one’s education related expenses,” said Seabaugh.
Parents, grandparents and guardians of Georgia babies born in 2017 may go to www.Path2College529.com until April 14, 2018, for official rules, prize details and to enter for a chance to win the 2017 Newborn Sweepstakes. Entrants must be legal residents or taxpayers to Georgia and at least 18 years of age to enter. No purchase necessary. Void where prohibited. Sponsored by the Path2College 529 Plan.
This is the seventh year Path2College 529 Plan has held its Newborn Sweepstakes. The 2011, 2013, 2014 and 2015 winners were born at Northside Hospital in Atlanta, and the 2012 winner was born at Doctors Hospital in Augusta. To see past Newborn Sweepstakes winners, click here. The 2016 winner will be announced in August.
For more information about the Path2College 529 Plan or to enter the 2017 Newborn Sweepstakes, please visit www.Path2College.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.
Check with your home state to learn if it offers tax or other benefits for investing in its own 529 plan.
Taxpayers should seek advice from an independent tax advisor based on their own particular circumstances.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.
Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss.
TIAA-CREF Tuition Financing, Inc., Program Manager. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributor and underwriter for the Path2College 529 Plan.