Parents, many of you have been meaning to start college savings accounts for your kids, right? Here’s your chance to check that off your long to-do list and get a bonus in the process. Now through May 29, Virginia529 College Savings Plan will add $50 to new accounts opened with at least $100. You also won’t pay an application fee because they’ve waived that, too, through May 29.
In addition to matching contributions, Virginia529 will award one person a $2,500 contribution for a new or existing Virginia529 account. That means if you’re already saving for college with Virginia529, you can enter the drawing to boost your account value and have even more available for your kid’s education.
These offers are only available through May 29 (5/29) because that is 529 College Savings Day, or 529 Day for short. If you’re expecting a baby on or about May 29, you also might be interested in their 529 Day Baby contest. Learn more about 529 Day and all the special activities at Virginia529.com/529day.
If you’re just learning about Virginia529, here’s some quick info: Virginia529 offers four programs to help people save money for higher education. Their programs can be used for public and private higher education nationwide, including at community colleges. Because the funds can be used for technical, continuing education and advanced degree programs, 529 accounts can benefit adults as well as children. Earnings you accrue on your account are free from federal and state tax when used for qualifying higher education expenses.
This article is sponsored by Virginia529