Giveaway from CollegeAdvantage!
In a few short months, my lovely stepdaughter will be celebrating her high school graduation, turning 18 and moving 1,000 miles away to college. She is our oldest, and although we knew this day would inevitably come, we are finding ourselves a little unprepared, both emotionally and financially, for this next step.
With 4 more children to follow her footsteps over then next 10 years, we are now starting to think about their futures and trying to come up with a plan to put a little away for each of them, without sacrificing our budget at the present time.
What is College Advantage? CollegeAdvantage is a tax-free and tax-deductible college savings option. It is a top-rated Morningstar 529 plan designed to provide families with an easy and affordable way to save for education expenses. Anyone can contribute to a fund or open one on behalf of a child, making an initial investment as low as $25 with no enrollment or annual maintenance fees. Putting aside just $25 per month in a CollegeAdvantage account from the time a child is born can grow to nearly $11,000 by the time that child turns 18.
If you open an account with at least $500 balance by June 1, 2012, you will receive a $25 bonus contribution to the newly opened account. Enter promo code SAVINGS at sign up.
My first question after reading about this plan was ” Is CollegeAdvantage just for Ohio residents?” The answer is “No.” CollegeAdvantage is Ohio’s 529 college savings program featuring tax-free savings, however anyone can open a CollegeAdvantage plan nationwide through the Ohio Tuition Trust Authority. Financial advisors can also help you invest in CollegeAdvantage, and it can be used at any accredited college nationwide.
A CollegeAdvantage 529 college savings account is the perfect gift for that college-bound young person or your own children of any age. Enrolling online is the fastest and easiest way to enroll. You can open and fund an online account in about 10 minutes. Don’t miss out on the $25 bonus offer when you open a new CollegeAdvantage direct account with a minimum of $500 initial contribution. Offer runs from March 18, 2012 through June 1, 2012. Note: The $25 bonus contribution will be applied on or about June 15, 2012. View $25 Bonus Offer Rules.
We will also be giving away 1 $100 CollegeAdvantage scholarship to get started. YOU DO NOT HAVE TO LIVE IN OHIO, JUST THE CONTINENTAL US!
Here is how you enter to win:
1. Leave a Comment telling me whose college education is on your mind.
Additional ways to enter:
2. Follow @ohio529plan on Twitter. And don’t forget to leave a comment below stating you have done so.
3. Tweet this contest – use @onceamonthmom & @ohio529plan. (Maybe something like: Get ahead on saving 4 college w/ @ohio529plan & @onceamonthmom – no you don’t have to live in Ohio! #Ohio529 http://ow.ly/9PnQK) And don’t forget to leave a comment below stating you have done so.
3. Subscribe to the Once A Month Mom blog via RSS or email. Let me know that you have done so. Of course, if you are already subscriber make sure you leave that too.
This giveaway ends Monday, March 26th at 5 PM (EST).