CollegeChoice 529 Launches Faces of 529 Day Contest

Thursday, May 4, 2023 at 1:46 PM

By CollegeChoice 529, news release

One winner will receive a $529 CollegeChoice account contribution for sharing a photo with a caption of who they are saving for.

Shutterstock photo.

INDIANAPOLIS – Treasurer of State Daniel Elliott is announcing the CollegeChoice Faces of 529 Day Contest to celebrate National College Savings Plan Day on May 29.

CollegeChoice 529 will award one winner with a $529 CollegeChoice account contribution for sharing a photo with a caption of who they are saving for during the month of May.

“This contest is a great opportunity for Hoosiers,” said Treasurer of State Daniel Elliott. “We’ll contribute the funds to an existing account or you can fund a new CollegeChooice account if you’re not already saving.”

To enter the contest, a participant must upload a photo of their beneficiary with a caption and complete the form at www.collegechoicedirect.com/529day by 11:59 p.m. on May 29. One individual will be randomly selected from all eligible entries to win a $529 CollegeChoice 529 account deposit.

“Faces of 529 Day is a fun way to show off who you’re saving for,” said program Executive Director Marissa Rowe. “Send us that school picture, newborn shot, or even a selfie of the adult returning to school. We’ll select one winner at random to receive a $529 CollegeChoice 529 account deposit and it could be you.”

CollegeChoice 529 provides families with flexibility and choice when it comes to saving for education after high school. Funds can be used at any eligible school or qualified apprenticeship program, both in-and-out-of-state. Accounts grow tax-deferred and distributions are tax-free as long as the money is withdrawn to pay for qualified education expenses like tuition, books, equipment and fees.

Indiana taxpayers may also be eligible for an annual state income tax credit of 20 percent of contributions to their CollegeChoice 529 accounts, worth up to $1,500 each year ($750 for married couples filing separately).

For full contest rules and to enter, visit www.collegechoicedirect.com/529day.