I’ve posted a bit about GradSave lately, a 529 college savings plan, which I think is an awesome idea for holiday gifts for your kids. Not much is more valuable than the gift of education. And right now when you register and create an account you’ll be entered into their $10,000 scholarship sweepstakes! How awesome would it be to win that?!
This is the perfect time to set aside some money for the kids’ future and tell your family, too! With a chance to win $10,000 and getting an early jump on college savings, you can’t lose! Get started with your new account here.
Eligibility. If you are an individual legal resident of the United States (except for the State of Rhode Island) or the District of Columbia and are 18 years of age or older at the time of entry, you are eligible to enter the Sweepstakes. Our employees, their immediate family members (spouses, domestic partners, parents, grandparents, siblings, children and grandchildren), and our affiliates, advisors or advertising/promotion agencies (and their immediate family members) are not eligible to enter the Sweepstakes.
Prize. We will award one (1) Grand Prize Scholarship that will be payable, at the option of the winner, either as (i) a deposit of $1,000 per year for the next 10 years into a child’s college savings fund ($10,000), or (ii) an up front payout of $4,000, which represents the present value of an investment in a college savings fund for a 1 year old with withdrawals starting at age 17 and a 6% compounded annual rate of return on such investment (This just shows you how a college savings fund grows…); provided that, if the winner is a resident of the State of Florida or the State of New York, such winner must select the upfront payment of $4,000. In the case of a single payout option (i.e., option (ii) above), Actual future value of scholarship may vary based on the return rates of your particular college savings fund and/or the age of child.