KESPT Offers Scholarships to Newborns
The Kentucky Education Savings Plan Trust (KESPT) recently announced that it would be giving away $1,000 college savings accounts to four lucky babies born in Kentucky.
Grayson Osborne, born to Andrea Osborne of Richmond, was chosen in a random drawing as the second of four winning babies to have a KESPT account set up in their name.
“The more time a college savings account has to grow, the better,” said David Lawhorn, KESPT administrator.
“The goal of KESPT’s new baby campaign is to raise awareness about the importance of saving for college early through a 529 plan, which gives your money a chance to compound without the effect of taxes, and helps plan your child’s educational future.”
Parents, guardians or grandparents are invited to enter online at kysaves.com for a chance to win a $1,000 KESPT account on behalf of a new baby.
One entry will be randomly selected at the end of each calendar quarter through Sept. 30, 2012. Babies born in the 12 months before each quarterly drawing are eligible.
KESPT is the Commonwealth’s official 529 College Savings Plan, which helps families save for a loved one’s future college education with tax advantages. It is administered by the Kentucky
Higher Education Assistance Authority (KHEAA) and managed by TIAA-CREF Tuition Financing, Inc.
Info: www.kysaves.com or call toll-free 877-598-7878.
No purchase necessary. Void where prohibited. Entries must be received by Sept. 30, 2012. Visit kysaves.com for official rules and prize details.
Consider the investment objectives, risks, charges and expenses before investing in the Kentucky Education Savings Plan Trust.
Please visit kysaves.com for a Plan Disclosure Booklet with this and more information. Read it carefully.
Investments in the plan are neither insured nor guaranteed, and there is the risk of investment loss. Y