State Treasurer Clint Zweifel has announced MOST --Missouri’s 529 College Savings Plan -- will be awarding a lucky Missourian $529 to put towards saving for college.
The winner will be selected from the pool of applicants who enter online for a chance to win at www.Most529Savings.com. Entries will be accepted through May 31.
"This $529 scholarship will provide valuable aid that could grow over time to help pay for a child's college education," said Zweifel, who sponsors the college savings program. "This contribution, combined with the investments made by MOST 529 account owners on behalf of Missouri’s children, has a real impact on education savings and college affordability."
The giveaway drawing will coincide with 529 College Savings Day, which corresponds with the date of May 29. The winner will be notified by phone June 1.
College Savings Day is an opportunity to remind Missouri’s families that saving for college is one of most important things they can do for the students in their lives. Saving even just a little bit of money as early as possible is integral to lowering the expense hurdle of a college education.
"If you start investing $50 per month into the MOST 529 account when a child is born, you could accumulate $16,633 by the time the child turns 18," Zweifel said. "Small investments can add up to make a real impact over time on a child's education."
MOST 529 currently has more than 123,000 owners and more than $1.3 billion in assets, an all time high for the program.
To enter the drawing to win the $529 contribution, Missouri residents are encouraged to visit www.Most529Savings.com and click on the “529 Day” button. Missouri taxpayers who are age 18 or older may enter to win on behalf of any beneficiary. The prize money must be invested in an existing MOST 529 account or in a newly opened account in the plan. Winners will be announced June 4.
MOST 529 has several features that make it an affordable option when saving for college:
• Start saving with as little as $25. Additional contributions of $25 may be made at anytime.
• Save on taxes. Contributions and earnings grow free of federal and Missouri state income taxes, and can be withdrawn tax-free when used for the beneficiary's qualified higher-education expenses. Plus, Missourians who are account owners qualify for a state income tax deduction on their contributions.
• Choose from a variety of investments. With options from Vanguard and Missouri-based American Century Investments, account owners should be able to find an investment that matches their goals and comfort level.
For more information about MOST 529, visit www.Most529CollegeSavings.com or www.treasurer.mo.gov.
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State Treasurer Clint Zweifel has announced MOST --Missouri’s 529 College Savings Plan -- will be awarding a lucky Missourian $529 to put towards saving for college.
The winner will be selected from the pool of applicants who enter online for a chance to win at www.Most529Savings.com. Entries will be accepted through May 31.
"This $529 scholarship will provide valuable aid that could grow over time to help pay for a child's college education," said Zweifel, who sponsors the college savings program. "This contribution, combined with the investments made by MOST 529 account owners on behalf of Missouri’s children, has a real impact on education savings and college affordability."
The giveaway drawing will coincide with 529 College Savings Day, which corresponds with the date of May 29. The winner will be notified by phone June 1.
College Savings Day is an opportunity to remind Missouri’s families that saving for college is one of most important things they can do for the students in their lives. Saving even just a little bit of money as early as possible is integral to lowering the expense hurdle of a college education.
"If you start investing $50 per month into the MOST 529 account when a child is born, you could accumulate $16,633 by the time the child turns 18," Zweifel said. "Small investments can add up to make a real impact over time on a child's education."
MOST 529 currently has more than 123,000 owners and more than $1.3 billion in assets, an all time high for the program.
To enter the drawing to win the $529 contribution, Missouri residents are encouraged to visit www.Most529Savings.com and click on the “529 Day” button. Missouri taxpayers who are age 18 or older may enter to win on behalf of any beneficiary. The prize money must be invested in an existing MOST 529 account or in a newly opened account in the plan. Winners will be announced June 4.
MOST 529 has several features that make it an affordable option when saving for college:
• Start saving with as little as $25. Additional contributions of $25 may be made at anytime.
• Save on taxes. Contributions and earnings grow free of federal and Missouri state income taxes, and can be withdrawn tax-free when used for the beneficiary's qualified higher-education expenses. Plus, Missourians who are account owners qualify for a state income tax deduction on their contributions.
• Choose from a variety of investments. With options from Vanguard and Missouri-based American Century Investments, account owners should be able to find an investment that matches their goals and comfort level.
For more information about MOST 529, visit www.Most529CollegeSavings.com or www.treasurer.mo.gov.
