SOURCE: The Ohio Tuition Trust Authority

The Ohio Tuition Trust Authority

October 05, 2011 16:59 ET

CollegeAdvantage, Ohio's 529 College Savings Plan, Helps Bring College Within Reach

Enroll Now and Receive a $50 Bonus

COLUMBUS, OH--(Marketwire - Oct 5, 2011) - The Ohio Tuition Trust Authority is helping bring college a little closer for families who open a new CollegeAdvantage 529 account with a limited time bonus offer. Families who open a new CollegeAdvantage direct account by November 18, 2011 with an initial contribution of $100 or more and use the promo code SAVINGS can receive a $50 bonus.

The bonus offer is part of the Tuition Trust's campaign efforts to encourage early college savings. The Tuition Trust also recently re-launched its CollegeAdvantage.com website with a new look, easy access to information, and an expanded and searchable FAQ section to help make it easier for families to save. The new website also has video testimonials from current account owners sharing their stories as to why they opened a CollegeAdvantage account for their children and grandchildren.

"The bonus offer provides an added incentive for families to start actively saving and to take advantage of the quality plan Ohio has to offer. Ohio's plan is rated as one of the best 529 plans in the country for its low fees, diverse 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.

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. Earnings in the plan are free from state of Ohio and federal taxes when used for qualified higher education expenses. Contributions to CollegeAdvantage can be made easily through payroll deduction; electronic funds transfer (EFT) or online. Any Ohio taxpayer who contributes to a CollegeAdvantage account can deduct up to $2,000 per contributor (or married couple) per beneficiary annually.

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. 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-advantage way to save for college. The CollegeAdvantage program currently has more than $6.6 billion in total assets as of June 30, 2011.

Contact Information

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