ScholarShare Announces Winners in "Love Your School" Promotion
For Valentine's Day, the College Savings Plan Awarded Students and Schools With $529 Award
(firmenpresse) - SACRAMENTO, CA -- (Marketwire) -- 03/19/13 -- , California's 529 , today announced the ten winners of its "Love Your School" promotion. The parents or guardians of each of the selected winners from the sweepstakes will receive $529 to open a ScholarShare or invest in an existing account.
The sweepstakes was held on ScholarShare's and for each of the selected winners a matching $529 contribution was made to their child's school.
Enrolled students up to the 8th grade were eligible to participate in the promotion. After "Liking" ScholarShare on Facebook, the students' parents or guardians submitted an entry form online describing why they love their child's school. Winners were selected at random and the students ranged in age from 5 to 13. The list of winners is attached.
A 529 college savings account can help parents and other relatives save for future and fees. With tuition and fees continually rising, parents and students are often required to take out expensive loans. California's 529 college savings program can play a major role in a comprehensive .
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 contribution limit. Established in 1999, ScholarShare currently holds more than $4.7 billion in assets in more than 242,000 accounts as of 12/31/2012. To sign up for an account or for more information about the plan, visit . For information about the 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 taxed. As a result, any funds withdrawn from the account to pay for qualified college costs are not subject to federal or state taxes.
The ScholarShare 529 College Savings Plan Twitter and Facebook pages are managed by the state of California.
TIAA-CREF Tuition Financing, Inc., Program Manager.
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Datum: 19.03.2013 - 18:00 Uhr
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News-ID 1208546
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