SOURCE: Virginia529 College Savings Plan

Virginia529 College Savings Plan

529 Day Virginia

May 29, 2015 08:06 ET

20 Newborns to Win Virginia529 College Savings Accounts Today

May 29 (5/29) Is 529 College Savings Day

RICHMOND, VA--(Marketwired - May 29, 2015) - Twenty Virginia newborns will win college savings accounts valued at $529 from Virginia529 College Savings Plan (Virginia529) for being born the closest to 5:29 p.m. today at participating hospitals in Virginia.

The initiative is part of Virginia529's efforts to raise awareness about the importance of saving for higher education through tax-advantaged 529 plans. May 29 (5/29) is celebrated nationally as 529 College Savings Day.

One baby will win at each of these hospitals participating in the 529 Day contest:

  • Augusta Health, Fisherville
  • Centra Southside Community Hospital, Farmville
  • Clinch Valley Medical Center, Richlands
  • Fauquier Hospital, Warrenton
  • Inova Alexandria Hospital, Alexandria
  • Inova Fairfax Hospital, Falls Church
  • Inova Fair Oaks Hospital, Fairfax
  • Johnston Memorial Hospital, Abingdon
  • Martha Jefferson Hospital, Charlottesville
  • Norton Community Hospital, Norton
  • Sentara Leigh Hospital, Norfolk
  • Sentara Norfolk General Hospital, Norfolk
  • Sentara Northern Virginia Medical Center, Woodbridge
  • Sentara Obici Hospital, Suffolk
  • Sentara Princess Anne Hospital, Virginia Beach
  • Sentara RMH Medical Center, Harrisonburg
  • Sentara Williamsburg Regional Medical Center, Williamsburg
  • Southampton Memorial Hospital, Franklin
  • Warren Memorial Hospital, Front Royal
  • Winchester Medical Center, Winchester

Virginia529 is offering other incentives this month in which everyone can participate. People who open new Virginia529 inVEST accounts with at least $25 through May 31 will be entered into a drawing for one $10,000 bonus contribution.

The tax advantages of 529 accounts make them smart solutions for avoiding student debt. Earnings on the savings in 529 accounts are free from state and federal taxes when used for qualified higher education expenses. Virginia taxpayers enjoy an additional benefit when saving with Virginia529: a state individual income-tax deduction of up to $4,000 per account per year.

Learn more about Virginia529's 529 Day special offers at Virginia529.com/529day.

About Virginia529 College Savings Plan:
Virginia529 is a 529 college savings plan that offers flexible, affordable, tax-advantaged savings for qualified higher education expenses through its four programs: Virginia529 prePAID (prePAID), Virginia529 inVEST(inVEST), CollegeAmerica® and CollegeWealth®. More than $54 billion in assets under management and 2.4 million accounts as of March 31, 2015 make Virginia529 the largest 529 plan available. 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: your state or the beneficiary's state of residence (if different) may sponsor a 529 plan that offers state income tax and other benefits not available to you through Virginia529 College Savings Plan. © 2015 Virginia College Savings Plan. All Rights Reserved.

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