HAHIRA, Georgia—Alexander Francis, a four-year-old at Hahira Elementary School, was awarded $1,529 for his college savings as one of four statewide winners of the Path2College 529 Plan’s Pre-K to College sweepstakes.
“When I got the news, I got so excited! My husband and I both earned a college degree thru Academic Scholarship, and we know that Alex will be the same,” said Lady Ruth Francis, Alexander’s mother who entered him in the sweepstakes. “But receiving this prize is also a great opportunity for his future! It is a wonderful news! Now planning towards his education has started, and I’m so happy about it!”
Alexander’s Pre-K program was also awarded $529.
“Hahira Elementary School is very proud of Alexander Francis for winning the college scholarship. This is just the beginning step in his journey to higher education, and we applaud his parents for valuing education and encouraging Alexander to value it also,” said Iris Mathis, principal at Hahira Elementary School. “At Hahira Elementary we appreciate the donation to our school so that we can encourage other students to commit to academic excellence, graduation and pursuing a higher education.”
The Pre-K to College sweepstakes was held across the state through a partnership with Path2College and the Department of Early Care and Learning (DECAL).
“Partnerships, like the one with DECAL, provide a win-win for families across Georgia,” said Caylee Noggle, Interim President of the Georgia Student Finance Commission, which partners with the Office of the State Treasurer to administer the Path2College 529 Plan for the state of Georgia. “It is in all of our best interests to ensure our children have a strong educational foundation and a bright future. By working with DECAL, we are able to reach families that may not have known about the opportunity to save for education-related expenses and the tax advantages of saving in the state of Georgia’s college savings plan—Path2College.”
Noggle said that reaching families with Pre-K aged children is essential to building a strong financial foundation to pay for future education costs.
“Saving small amounts over time is the best strategy when it comes to saving. It not only makes reaching your long-term goals more achievable, it provides financial benefits, as well,” said Noggle.
The Path2College 529 Plan and DECAL also partner on the We Care, Child Care sweepstakes, which kicked-off June 1, 2018. This is the fourth year for the We Care, Child Care sweepstakes, and it will award four Georgia children from across the state with $1,529 each for their college savings. Each winner’s child care program will also be awarded $529.
“We believe investing in our youngest learners is critical to the long-term economic growth and potential of our state,” said DECAL Commissioner Amy M. Jacobs. “Partnering with the Georgia Student Finance Commission and Path2College 529 Plan allows us to help build a foundation for future learning…both academically and financially…for selected Georgia Pre-K students and their families. We also appreciate how the child care program benefits from a contribution into their Pre-K classroom.”
For official rules and to enter the We Care, Child Care sweepstakes, or to find out more about saving for college with Path2College, visit www.Path2College529.com.
To learn more about the Path2College 529 Plan, its investment objectives, tax benefits, risks, and costs please see the Disclosure Booklet at path2college529.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. Check with your home state to learn if it offers tax or other benefits such as financial aid, scholarship funds or protection from creditors only available for investing in its own 529 plan. Consult your legal or tax professional for tax advice, including the impact of the new federal tax changes. If the funds aren’t used for qualified higher education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply.
TIAA-CREF Individual & Institutional Services, LLC, Member FINRA and SIPC, distributor and underwriter for the Path2College 529 Plan.