Richmond, Virginia, May 23, 2018 (GLOBE NEWSWIRE) --
With the cost of higher education on the rise, Invest529 is helping families take the first step toward saving for their children’s future. The program is celebrating 529 Day with a “Save $50, Get $50” offer, running May 22-May 31.
May 29 is recognized nationally as 529 Day, a chance to remind people of how important it is to plan for a loved one’s higher education costs and to raise awareness of the benefits 529 plans offer in helping individuals and families save.
To qualify for the “Save $50, Get $50” offer for yourself or a loved one, open a new Invest529 account by May 31, 2018, establish a recurring bank debit in any amount and contribute $50 or more by August 30.
Invest529 is administered by Virginia529, the nation’s largest 529 plan. The program is available to any U.S. citizen and offers a variety of low-cost investment portfolios. An account can be opened with as little as $25, and any earnings grow free from federal taxes.
“Putting a child through college is one of the largest financial stressors a family will ever face,” said Mary Morris, Virginia529 CEO. “But we’ve seen time and time again the relief families experience when they save early and save often. We hope that offering the $50 match will be a small step forward for families on their path to college savings success.”
Visit Virginia529.com/529day for more information about Invest529 and 529 Day, and to read the promotion’s official terms and conditions.
About Virginia529:
Virginia529 makes higher education more accessible and affordable for families and individuals. With more than $69 billion in assets under management and 2.6 million accounts as of March 31, 2018, Virginia529 is the largest 529 plan available. Three flexible, affordable, tax-advantaged programs–Prepaid529SM, Invest529SM and CollegeAmerica®–and early commitment scholarship program SOAR Virginia® assist students of any age in reaching their higher education goals. For more information on Virginia529’s college savings options, visit Virginia529.com or call 1-888-567-0540 to obtain program materials. These include information on Virginia529 programs, investment objectives, risks, charges, expenses and other important information; read and consider them carefully before investing. All investments are subject to risk, including the possible loss of the money you invest. Virginia529 encourages prospective participants to seek the advice of a professional concerning any financial, tax or legal implications related to opening an account. For residents of states other than Virginia: before investing, you should consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protections from creditors that are only available for investments in that state’s qualified tuition program. ©2018 Virginia College Savings Plan. All Rights Reserved