ScholarShare Announces Winners of the Read to the Rhythm Summer Reading Promotion
40 Winners Selected Across California to Receive $500 Toward a ScholarShare College Savings Plan
(firmenpresse) - SACRAMENTO, CA -- (Marketwired) -- 09/10/15 -- , California's 529 plan, today announced the 40 winners of its "" summer reading promotion. The parents or guardians of each randomly selected student winner were awarded a $500 prize to use toward a new or existing ScholarShare college savings account.
"The goal of the summer reading promotion is to foster an enthusiasm for reading and encourage lifelong learning," said Treasurer Chiang. "Reading during the summer months can help students retain the material they learned the previous school year and improve their future academic performance."
This is the fourth year ScholarShare has partnered with California public libraries to promote summer reading. To be eligible, students in the 8th grade or below had to read at least one book over the summer, and their parents or guardians had to submit an entry form online or at their local public library. ScholarShare received nearly 7,000 entries from students across California, and the 40 winners were selected at random.
In addition to each winner receiving $500 toward a ScholarShare college savings account, each winner's participating public library or its designee will also receive a prize of $500.
The complete list of winners is attached.
ScholarShare accounts may be opened with as little as $25. ScholarShare has no annual account maintenance fee, no income limit and offers a high maximum account balance. Established in 1999, ScholarShare currently holds nearly $6.3 billion in assets in more than 266,000 accounts as of 8/28/15. 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 Once funds are placed in the account, investment earnings, if any, are not federally or state taxed, if withdrawn to pay for qualified higher education costs.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., Plan Manager.
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Datum: 10.09.2015 - 15:00 Uhr
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