News & Press Releases
Georgia Governor proclaims September as College Savings Month
ATLANTA—States across the country recognize September as College Savings Month, and Georgia will join in the celebration by kicking-off its annual What If...? College Savings Giveaway where two children will receive $5,529 each for their college savings.
“It is critical that Georgia’s students have the means to further their education beyond high school,” said Georgia Governor Nathan Deal. “Now in its 15th year, the Path2College 529 Plan incentivizes families to plan and save for the future educational expenses of their loved ones. By establishing this program and proclaiming each September as ‘College Savings Month’ in Georgia, we are encouraging saving for higher education and promoting educational opportunities for all of our students.”
The giveaway is open to parents, legal guardians or grandparents (age 21 and older) of a child age 18 or under (at the time of entry) who are Georgia residents. The entry deadline is November 15, 2017. For prize details, official rules and an entry form, visit www.Path2College529.com. No purchase necessary. Void where prohibited. Sponsored by the Path2College 529 Plan.
This marks the fifth year for the giveaway, and more than $110,000 has been awarded to Georgia children and schools. Past winners include Myla Pulliam of Athens, James McCarn from Savannah, Sophia Hinson of Fayetteville, Alden Annis of Dallas, Anand Shah of Snellville, and Isabelle Stoltz from Watkinsville.
“It is amazing to know the Path2College 529 Plan has helped these children by contributing to their future college expenses,” said Mitch Seabaugh, executive director of the Path2College 529 Plan. “But in addition to these winners, we have reached tens of thousands of families who might not have otherwise known about our state plan and this opportunity to save for the future.”
Seabaugh said they hope to raise awareness about the plan, encourage families to see for themselves how simple it is to open an account and to encourage them to start investing today.
“According to the Institute for Higher Education Policy, having a college savings account makes a child three times more likely to attend college and four times more likely to graduate than if they did not have one,” said Seabaugh. “Saving early and regularly is important, even if you can’t save a lot. Small amounts saved over time can have a tremendous impact both financially and emotionally.”
To enter the What If...? College Savings Giveaway and for additional information about the Path2College 529 Plan or to open an account, visit www.Path2College529.com.
Consider the investment objectives, risks, charges and expenses before investing in the Path2College 529 Plan. 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.