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The best time for a family to start saving for college is when a child is born. For that reason, the Kentucky Education Savings Plan Trust will award $1,000 college savings accounts to four lucky babies born in Kentucky.
Parents, legal guardians or grandparents are invited to enter online at www.kysaves.com beginning on Sept. 6 for a chance to win. 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.
“One goal of the Kentucky Education Savings Plan Trust is to ensure that all families have information about and access to our state’s 529 college savings plan. Higher education plays an important role in shaping the future success of Kentucky youth, and we want to help families prepare,” said David Lawhorn, KESPT administrator. “The tax advantages available through KESPT are designed to lessen the financial burden on families and give them an incentive to start saving for college early.”
KESPT is also sponsoring a new “Baby Talk” series with the Louisville Science Center from September to December 2011. Baby Talk is an opportunity for parents, grandparents and caregivers to learn about and discuss the growth and development of young children. Each session will focus on a different aspect of newborn development and parenting with local experts offering advice and answering questions. Sessions are free, but require advance registration. Visit www.louisvillescience.org for more information.
KESPT is the Commonwealth’s official 529 College Savings Plan, which helps parents, grandparents, family and friends save for a loved one’s future college education. It is administered by the Kentucky Higher Education Assistance Authority (KHEAA) and managed by TIAA-CREF Tuition Financing, Inc.
For more information, please visit www.kysaves.com or call toll-free 877-598-7878.