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Sweepstakes promotes early saving for college

ATLANTA, GA --- This September, coloring could help put one lucky Georgia child on the path to college. September is National College Savings Month, and once again, Governor Perdue has declared September "College Savings Month" in Georgia.

The Path2College 529 Plan is sponsoring a coloring sweepstakes for kindergarten through sixth graders in the State of Georgia, and the winner will receive $1,529 toward a Path2College 529 Plan account. Additionally, the winner's school will receive $1,000.

To enter, children simply have to color Hootie the Wise Old Owl and answer the question, "When I graduate, I'm going to be a ____." Entries must be submitted by a parent (or legal guardian) and post-marked by September 30, 2010 and received by October 6, 2010. One random winner will be drawn in October to receive the prize of $1,529 and the winner's school will also receive $1,000. Parents can print the Coloring entry form of Hootie, the Wise Old Owl and get official rules and deadlines at www.path2

"We are always looking for fun, new ways to get kids to think about their future and to get parents to think about college and how to pay for it," said Chuck Penuel, director of the Path2Collge 529 Plan. "Now, more than ever, it is important for families to plan early for their children's continued education, and while we try to promote college savings year-round, this month we hope the sweepstakes will draw special attention to our efforts."

The Path2College 529 Plan helps families prepare for the future costs of college tuition and other qualified expenses, such as fees, books and certain room and board costs for colleges in Georgia and nationwide.  The plan is easy to use and understand, with no sign-up, maintenance or third-party sales fees -- just a low annual asset-based management fee, and an account can be opened online with as little as $25.      

 Penuel said that for most families, trying to save the entire amount of a college education is not realistic, but that every bit saved early will help offset the loans and grants needed to fund a child's college education.

Web posted on Thursday, September 16, 2010

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