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Oklahoma treasurer boosts benefits of college savings account with sweepstakes

Oklahoma’s 529 college-savings plan can help families accomplish their college savings goals, state Treasurer Ken Miller said as he launched the second annual sweepstakes.
FROM STAFF REPORTS Published: August 20, 2014
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— State Treasurer Ken Miller launched the second annual 10,000 Reasons to Save Sweepstakes during an assembly Tuesday at Nichols Hills Elementary School.

One Oklahoma child will be awarded a $10,529 Oklahoma 529 College Savings Plan account, and the winner’s school will get a $10,529 cash prize, Miller said.

The statewide sweepstakes gives Oklahoma parents and grandparents an added incentive to talk with their loved ones about the importance of higher education and how Oklahoma’s state-sponsored 529 college-savings plan can help families accomplish their college savings goals.

In Oklahoma, 86 percent of parents and grandparents say college is very important, but only 43 percent have set aside money for their children’s or grandchildren’s college expenses, Miller said.

The 2013 sweepstakes winners were fifth-grader Jaxon Walters and Krebs Elementary School. Jaxon’s grandfather, Joseph Prichard, entered him into the sweepstakes.

The sweepstakes runs through Nov. 19. If the winning entrant is not yet in school, the child’s future elementary school will be awarded the school prize.

The entry form, sweepstakes details and officials rules are available at www.ok4saving.org/news/10000-reasons.shtml.

For more information about the Oklahoma 529 College Savings Plan or to open an account, go to www.ok4saving.org or call (877) 654-7284.