SOURCE: ScholarShare

ScholarShare

September 01, 2016 17:30 ET

Do Your Share to Save for College: Take the Pledge

California's 529 College Savings Plan Offers Chance to Win $500 529 Account

SACRAMENTO, CA--(Marketwired - September 01, 2016) - To celebrate College Savings Month, ScholarShare, California's 529 college savings plan, is hosting its annual College Savings Pledge Sweepstakes. As part of the pledge, participants are encouraged to declare how much they can save on a monthly basis for their future college grad -- even if it's just $25 -- and share their commitment to saving for college.

Throughout September, five eligible sweepstakes entrants will be selected each week to receive $500 to support their savings goals. Today's increasing college tuition costs stresses the importance of committing to a consistent college savings plan. By taking the pledge, your child can be one step closer on the path to higher education.

To enter for a chance to win, California parents, guardians or family members can submit an official entry form https://www.collegesavingspledge.com/. The sweepstakes ends at 8:00 p.m. PDT on Friday, Sept. 30, 2016. More details about the sweepstakes, including official rules, prize details and eligibility, are available on ScholarShare's Facebook page. No purchase necessary. Void where prohibited. Sponsored by ScholarShare.

You can feel confident in your decision with easy-to-understand reasons to save with the California college savings plan, one of the top-rated 529 college savings plans in the country by Morningstar, an independent investment research firm.

With no annual account maintenance fee and some of the lowest management fees in the country, ScholarShare offers a wide variety of low-cost investment options and provides valuable tax advantages. Anyone with a valid Social Security Number or Taxpayer Identification Number can open a new account.

Funds can be used at any eligible educational institution in the nation, and some abroad, for a variety of qualified higher education expenses, including mandatory fees, books, supplies, computer equipment, or even certain room and board costs.

About the ScholarShare 529 College Savings Plan:

To sign up for an account or for more information about the plan, visit www.scholarshare.com. For information about the ScholarShare Investment Board (SIB), visit http://www.treasurer.ca.gov/scholarshare. Like ScholarShare on Facebook at http://www.facebook.com/scholarshare529 and follow us on Twitter at @ScholarShare529.

Named for the section of the IRS code under which they were created, 529 plans offer valuable tax advantages. Contributions are made with money that has already been taxed. Once funds are placed in the account, investment earnings, if any, are not federally or state taxed, if withdrawn to pay for qualified higher education expenses.

The ScholarShare 529 College Savings Plan Twitter and Facebook pages are managed by the State of California.

For more news, please follow the Treasurer on Twitter at @CalTreasurer, and on Facebook at California State Treasurer's Office.