ScholarShare Announces Winners of Fizz, Boom, Save for College Summer Reading Promotion
36 Winners Selected Across California
(firmenpresse) - SACRAMENTO, CA -- (Marketwired) -- 09/24/14 -- , California''s 529 , today announced the 36 winners of its Fizz, Boom, Save for College 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 account.
"Reading during the summer months prevents summer learning loss and improves literacy and academic performance," said State Treasurer Bill Lockyer, who chairs the ScholarShare Investment Board, which administers ScholarShare. "The goal of our promotion is to foster a love for reading and encourage lifelong learning."
This is the third year ScholarShare has partnered with California public libraries to promote summer reading. To be eligible, kids in the 8th grade or younger had to read at least one book over the summer, and their parents had to submit an entry form at their local public library or online. ScholarShare received more than 3,200 entries from across California, and the 36 winners were selected at random.
As part of the partnership, each winner''s participating public library or its designee also will 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 more than $6 billion in assets in more than 255,200 accounts as of 8/22/14. 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 Once funds are placed in the account, investment earnings, if any, are not federally or state taxed, if withdrawn to pay for qualified higher education costs.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: 24.09.2014 - 09:00 Uhr
Sprache: Deutsch
News-ID 1304987
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