Tustin Mom Wins $5,000 College Savings Account From ScholarShare
California's 529 College Savings Plan Program Gives Away $8,000 Worth of College Savings for National College Savings Month
(firmenpresse) - SACRAMENTO, CA -- (Marketwired) -- 10/22/13 -- , California's 529 college savings plan, today announced Grace Higa-Tiara of Tustin is the grand prize winner of the "Share Your Spirit" Facebook promotion. Her daughter, Micah, is in the sixth grade and the winnings will be added to the ScholarShare college savings account already opened in her name.
The sweepstakes was conducted during the month of September, National College Savings Month. To celebrate, ScholarShare launched the promotion at the beginning of the month and offered a $5,000 grand prize on September 27 and three $1,000 prizes at the end of each week. More than 2,500 residents from across California entered during the month-long campaign. Grace was randomly selected as the recipient of the $5,000 grand prize.
The promotion also asked parents to submit photographs of their child representing the school spirit of their favorite college. These photographs served as a visual illustration of the aspirations for each child. More than 700 parents uploaded images of their children and they all received a special ScholarShare piggy bank to teach these little ones about the importance of saving early for higher education with a .
Any earnings from a college fund can grow tax-deferred, and are federal and California state income tax-free when used to pay for qualified higher education expenses. ScholarShare has the tools to make it easier than ever for family and friends to contribute. And, through ScholarShare's "" option, anyone can open a 529 plan or gift one. College savings specialists are available for phone and in-person consultations at no cost to answer questions.
ScholarShare continues to offer flexible features. Any US citizen, or resident alien with a valid Social Security Number or Taxpayer Identification Number, can open a new account on behalf of a beneficiary. Funds can be used at any eligible educational institution in the nation, and some abroad, for a variety of qualified higher education expenses, including mandatory fees, books, supplies, or even certain room and board costs.
ScholarShare accounts may be opened with as little as $25 per investment portfolio. ScholarShare has no annual account maintenance fee, no income limit and offers a high maximum account balance. Established in 1999, ScholarShare currently holds more than $5 billion in assets in more than 245,000 accounts as of 6/30/13. To sign up for an account or for more information about the plan, visit . For information about the ScholarShare Investment Board (SIB), visit . Like ScholarShare on Facebook at and follow us on Twitter at .
Named for the section of the IRS code under which they were created, 529 plans offer valuable tax advantages. Contributions are made with money that has already been taxed. Once funds are placed in the account, investment earnings, if any, are not federally or state taxed, if withdrawn to pay for qualified higher education costs.
The ScholarShare 529 College Savings Plan Twitter and Facebook pages are managed by the state of California.
TIAA-CREF Tuition Financing, Inc., Program Manager.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 22.10.2013 - 15:00 Uhr
Sprache: Deutsch
News-ID 308161
Anzahl Zeichen: 0
contact information:
Town:
SACRAMENTO, CA
Kategorie:
Education Aids and Products
Diese Pressemitteilung wurde bisher 272 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Tustin Mom Wins $5,000 College Savings Account From ScholarShare"
steht unter der journalistisch-redaktionellen Verantwortung von
ScholarShare (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
