SOURCE: The Ohio Tuition Trust Authority

The Ohio Tuition Trust Authority

November 30, 2011 10:00 ET

College Is Closer Than You Think With CollegeAdvantage, Ohio's 529 Plan

Enroll Now and Get a $25 Bonus

COLUMBUS, OH--(Marketwire - Nov 30, 2011) - The Ohio Tuition Trust Authority is offering families a limited-time incentive to start saving for college now with Ohio's 529 plan. Families who open a $100 CollegeAdvantage 529 account by December 31, 2011 will receive a $25 bonus when they use the promo code SAVINGS at enrollment. The bonus offer is part of the Tuition Trust's annual campaign efforts to encourage families to financially prepare for college expenses.

"The bonus offer provides an added incentive for families to start actively saving. There's no better time than the present to take advantage of the quality plan Ohio has to offer. Ohio's plan is rated as one of the top 529 plans in the country for its low fees, quality investment options and program flexibility. State of Ohio tax benefits also make the plan a great value for families," said Richard Norman, Interim Executive Director for the Ohio Tuition Trust Authority.

Earnings in the plan are free from state of Ohio and federal taxes when used for qualified higher education expenses. In addition, any Ohio taxpayer who contributes to a CollegeAdvantage account can deduct up to $2,000 per contributor (or married couple) per beneficiary annually.

CollegeAdvantage makes it easy for families to save for college and offers a diverse choice of investment options from leading fund managers. Funds invested in CollegeAdvantage can be used at any college in the country to pay tuition, fees, books and room and board. Contributions to a CollegeAdvantage account can easily be made through payroll deduction; electronic funds transfer (EFT) or online.

Families can open a CollegeAdvantage account by going online at www.collegeadvantage.com or by calling 1-800-AFFORD-IT (233-6734) and requesting an enrollment kit. But hurry, the $25 bonus offer ends December 31, 2011. For more information about CollegeAdvantage or the Ohio Tuition Trust Authority please visit www.collegeadvantage.com or become a fan of CollegeAdvantage on Facebook or follow @Ohio529Plan on Twitter.

The Ohio Tuition Trust Authority is a state agency within the office of the Chancellor of the Ohio Board of Regents and was created by the Ohio General Assembly in 1989. The Tuition Trust offers the CollegeAdvantage 529 Savings Plan to provide families with a tax-advantaged way to save for college. The CollegeAdvantage program currently has more than $6.1 billion in total assets as of September 30, 2011.

Contact Information

  • Contact:
    Judy Cunningham
    PR Manager
    The Ohio Tuition Trust Authority
    614-752-9350
    Email Contact