$10,000 Will Be Awarded in the CollegeChoice 529 Savings Plans Education Sweepstakes

September is National College Savings Month, and Governor Eric Holcomb has highlighted the importance of saving for education with a Proclamation establishing September 2023 as College Savings Month in Indiana. To celebrate, one individual will be selected to win a $10,000 account deposit in the CollegeChoice 529 Education Sweepstakes.

To enter the Sweepstakes, individuals 18 years of age or older must complete the entry form available at www.collegechoicedirect.com/september by 11:59 p.m. on September 30, 2023. The winner will be randomly selected from all eligible entries to receive a $10,000 CollegeChoice 529 account deposit.

“College Savings Month in Indiana is a great time to talk all options college and career after high school,” said Daniel Elliott, Indiana Treasurer of State. “Since 529 plans can be used for technical and trade programs, registered apprenticeships, and 4-year degrees, this sweepstakes will have a significant impact on a Hoosier family.”

CollegeChoice 529 provides account owners and gift contributors flexibility when it comes to saving for education after high school. Funds can be used at any eligible school or registered apprenticeship program, both in- and out-of-state. Accounts grow tax-deferred and distributions are tax-free as long as the money is withdrawn to pay for qualified education expenses like tuition, books, computers, equipment, and fees.

Indiana taxpayers may also be eligible for an annual state income tax credit of 20 percent of contributions to their CollegeChoice 529 accounts, worth up to $1,500 each year ($750 for married couples filing separately).

“It’s free to enter, and we’ll deposit the funds into a new or existing CollegeChoice account. Could you imagine funding a child’s future with $10,000?” said Marissa Rowe, executive director of the program. “That’s a pretty powerful start - a future with more opportunities and less debt.”

For full contest rules and to enter, please visit www.collegechoicedirect.com/september. For more information about CollegeChoice 529 Savings Plans, visit www.collegechoicedirect.com/plans.

About CollegeChoice 529 and the Indiana Education Savings Authority:

CollegeChoice 529 is Indiana’s tax-advantaged 529 education savings program and is offered and administered by the Indiana Education Savings Authority, a state government quasi-agency and board chaired by Treasurer of State Daniel Elliott. CollegeChoice 529 includes the Direct, Advisor, and CD Plans and has $6.7 billion in assets under management in over 428,000 accounts as of July 31, 2023. To learn more or enroll in CollegeChoice Direct, call 1.866.485.9415 or visit www.collegechoicedirect.com. To learn more or enroll in CollegeChoice CD, call 1.888.913.2885 or visit www.collegechoicecd.com. To learn more about CollegeChoice Advisor, contact your financial advisor, call 1.866.485.9413, or visit www.collegechoiceadvisor529.com. These Disclosure Booklets include information on investment objectives, risks, charges, and expenses, and should be read and considered carefully before investing.

Indiana taxpayers are eligible for a state income tax credit of 20% of contributions to a CollegeChoice 529 account, up to $1,500 credit per year ($750 for married couples filing separately). This credit may be subject to recapture from the account owner (not the contributor) in certain circumstances, such as rollovers to another state's 529 plan, federal nonqualified withdrawals, withdrawals used to pay elementary or secondary school tuition for a school outside of Indiana, or qualified education loan repayments as described in the applicable Disclosure Booklet.

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