A publication of the Kentucky Center for Public Service Journalism

Kentucky 529 College Savings Plan will make matching contribution to accounts opened Nov. 24-27

The weekend after Thanksgiving is known for a frenzy of deals and discounts, but this year the Kentucky Education Savings Plan Trust (KESPT) is inviting families to invest in the gift of education. Just in time for the holidays, KESPT, Kentucky’s 529 College Savings Plan, is making a $25 matching contribution to any account opened online between Nov. 24 (Black Friday) and Nov. 27, 2017 (Cyber Monday). Anyone who also sets up an automatic contribution plan will receive an additional $25 match after six months. Families may open an account by visiting kysaves.com.

“It’s never too early to prepare your child or grandchild for a successful future,” said David Lawhorn, KESPT program manager. “We hope many Kentucky families will take advantage of this special incentive and open a 529 college savings account for their children.”

For families who already have an account, KESPT offers a convenient eGift feature at kysaves.com that allows family and friends to make a contribution for the holidays and provides downloadable gift certificates.

KESPT account funds may be withdrawn tax-free to cover college expenses like tuition, fees, books, computers and certain housing expenses at any accredited college, university or technical school in the U.S. and some abroad. Matching contribution details and terms and conditions are available at kysaves.com. Void where prohibited.

KESPT is the Commonwealth’s official 529 College Savings Plan, which helps parents, grandparents, family and friends save for a loved one’s future college education with tax advantages. It is administered by the Kentucky Higher Education Assistance Authority (KHEAA) and managed by TIAA-CREF Tuition Financing, Inc., a leader in managing Section 529 college savings plans. Visit kysaves.com for more information about the Plan or call toll free 877-598-7878.

No public funding is used for KESPT marketing, promotions or contest awards. Funding is provided by TIAA-CREF program manager for KESPT.

To learn more about the Kentucky Education Savings Plan Trust, its investment objectives, tax benefits, risks, and costs please see the Disclosure Booklet at kysaves.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss.

From Kentucky Education Savings Plan Trust

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