Today, on National and Oklahoma College Savings Awareness Day, Treasurer Miller recognized the importance of preparing for college expenses by awarding one Oklahoma family with an Oklahoma 529 College Savings Plan. Today, one Broken Arrow family spent May 29, National College Savings Day, welcoming their new daughter, born at 12:44 a.m. and was recognized as the first 5-29 Day Baby at St. John Medical Center in Tulsa.
As the first 5-29 Day Baby, Vivian Nicole Williams, was awarded with an Oklahoma 529 College Savings Plan (OCSP) worth $1,529. Treasurer Ken Miller, who serves as board chair for the OCSP, reminds parents and grandparents about the importance of saving for college and the benefits that the Oklahoma 529 Plan offers.
“Saving early and often for a child’s future education is very important,” said Miller. “With the cost of a college education on the rise, investing in your child’s or grandchild’s future today gives you and your child or grandchild an advantage when it comes time to start paying for college. As Oklahoma’s only state-sponsored college savings plan, the Oklahoma 529 College Savings Plan allows for tax advantages today, while saving for the future.”
Vivian’s parents, Sarah and Michael, are thrilled to be able to give their daughter a head start on college, just after being born. Vivian is the fourth child for Sarah and Michael; they have two other daughters and a son.
“With Vivian being our fourth child, this is a blessing for us,” said Sarah Williams, Vivian’s mother. “We’ve inquired about the Oklahoma 529 College Savings Plan with our other children- being awarded ‘5-29 Day Baby’ gives us the motivation to kick-start our college savings for our other children.”
Vivian was the first winner in the Oklahoma 529 College Savings Plan’s 5-29 Day Baby promotion. OCSP has plans to continue the promotion again in 2015.
Treasurer Miller would like to remind all parents who have welcomed a new baby this year or who are expecting a newborn later this year. The annual OCSP Newborn Sweepstakes will award one baby born in Oklahoma $5,529 towards his/her college savings. Parents and grandparents have until April 14, 2015 to enter their 2014 newborn. The hospital where the baby is born will also receive $1,529. For official rules and to enter the sweepstakes, go to www.ok4saving.org/newborn. No purchase necessary. Void where prohibited.
“In Oklahoma, 86 percent of parents and grandparents believe it’s very important that their child or grandchild attend college according to a recent survey conducted by ShapardResearch,” said Miller. “But only 43 percent have started saving or investing for college.”
For more information about the Oklahoma 529 College Savings Plan or to open an account, visit the website at www.ok4saving.org or call 1-877-654-7284.