News Release
Tuesday, August 20, 2019
Oklahoma 529 College Savings Plan Kicks Off Pigskin Piggybank Sweepstakes
One family to win $5,529 for college
OKLAHOMA CITY – After this year’s fall football season, one Oklahoma family will have a solid game plan to save for college. The Oklahoma 529 College Savings Plan’s (OCSP) Pigskin Piggybank Sweepstakes kicks off this week. The winning family will receive $5,529 toward an OCSP account, and OCSP will kick in $5,529 to the winner’s school.
“Fall is a great time to develop a winning strategy to save for college,” said State Treasurer Randy McDaniel, board chair for OCSP. “We typically encourage saving at an early age to give accounts more time to grow, but this sweepstakes incentivizes families of all students to get into the game and start saving for the future.”
Beneficiaries of all ages are eligible to win. One randomly chosen family will receive a $5,529 OCSP account on behalf of their child. The sweepstakes begins today and ends at 5 p.m. on October 11. To enter, simply fill out the form here. The winner will be recognized at his or her school later this fall, where OCSP will also make a $5,529 donation to the winning student’s school.
“The influence educators have on our children is strong, and we want to encourage more conversations about higher education in Oklahoma. To reward that partnership and thank our schools, a financial contribution to the winner’s school will also be made,” said McDaniel.
The winner will be selected after the sweepstakes closes on October 11. The sweepstakes is open to Oklahoma residents who are parents, grandparents or legal guardians who are at least 21 years old and have a child or grandchild who is also an Oklahoma resident. Sweepstakes entry, official rules and additional information are available here.
For more information about the Oklahoma 529 College Savings Plan visit www.ok4saving.org or call (877) 654-7284. Funding for OCSP prizes comes from the marketing budget of the Oklahoma 529 College Savings Plan; no state funds are used.
About the OCSP
Introduced in April 2000, the Oklahoma 529 College Saving Plan (OCSP) is Oklahoma’s direct-sold 529 college savings plan. It is designed for families who want to direct their own 529 college savings accounts. The plan is managed by TIAA-CREF Tuition Financing, Inc. Introduced in March 2009, OklahomaDream 529 Plan is offered through financial advisors and is managed by Allianz Global Investors. As of June 30, 2019, combined assets in both plans exceeded $1 billion.
Oklahoma taxpayers may deduct, from their Oklahoma adjusted gross income, up to $10,000 in contributions to the Oklahoma 529 College Savings Plan for individual taxpayers and up to $20,000 for taxpayers filing a joint return with a five-year carryforward. Read the Disclosure Booklet carefully. Limitations may apply.*
*To learn more about the Oklahoma 529 College Savings Plan, its investment objectives, tax benefits, risks and costs, please see the Disclosure Booklet at ok4saving.org. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. 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 Tuition Financing, Inc. (TFI), Plan Manager. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for the Oklahoma 529 College Savings Plan.
Go to www.ok4saving.org/pigskin for prize details and official rules. No purchase necessary. Void where prohibited. Deadline for entry is October 11, 2019. Sponsored by the Oklahoma College Savings Plan. Prize: One (1) Grand Prize of a $5,529 OCSP account contribution and one prize of $5,529 to the school attended by the random winner’s child.
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For more information, contact:
Tim Allen, Treasurer’s Office, (405) 522-4212
Kealey Dorian, Koch Communications, (405) 923-8895
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