Minnesota 529 College Savings Plan Announces Sweepstakes

published September 29, 2023

St. Paul, Minn. (September 29, 2023) – The Minnesota 529 College Savings Plan (MNSAVES) is excited to announce the Smart Savings Sweepstakes. This special promotion gives six lucky winners $529 to start or add to an MNSAVES account.

The Smart Savings Sweepstakes begins on October 1, 2023, and runs through March 31, 2024. It’s intended to raise awareness about saving for college while inviting Minnesotans to open an MNSAVES account.

“We encourage everyone to register for their child, grandchild, or other loved one,” said Jim Mandler, senior marketing manager for the Minnesota 529 College Savings Plan. “Just by signing up, Minnesota families can learn more about saving for higher education and kickstart their college savings journey while getting a chance to win $529,” Mandler said.

One random winner will be awarded $529 to their MNSAVES account each month from November 2023 – April 2024. To enter the sweepstakes or for more information and rules, visit mnsaves.org/smartsavings (No purchase necessary/void where prohibited). The Smart Savings Sweepstakes is sponsored by TIAA-CREF Tuition Financing, Inc.

For more information about MNSAVES, to open an account, or to explore the new website, visit mnsaves.org. MNSAVES is also on Facebook.

About the Minnesota 529 College Savings Plan

The Minnesota 529 College Savings Plan (MNSAVES), Minnesota’s official 529 college savings plan, makes it easier for families to save for higher education expenses. It takes just $25 and 15 minutes to open an MNSAVES account, and funds saved can be used at eligible colleges and universities, community and technical colleges and graduate schools nationwide, and many abroad. In addition to tuition, funds may be used for certain room and board expenses, books, supplies, or other qualified expenses.

To learn more about MNSAVES and to open an account, visit mnsaves.org.

###

To learn more about the Minnesota College Savings Plan, its investment objectives, risks, charges and expenses please see the Plan Description at mnsaves.org. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for the Minnesota College Savings Plan. Check with your home state to learn if it offers tax or other benefits such as financial aid, scholarship funds or protection from creditors for investing in its own 529 plan. If the funds aren't used for qualified higher education expenses, a federal 10% penalty tax on earnings (as well as federal and state income taxes) may apply.

All social media platforms are managed by the State of Minnesota.

FPS-3129134PR-O1023W