News & Press Releases
MNSAVES Celebrates 529 Day with a Special Offer for New College Savers
St. Paul, MN – Minnesota 529 College Savings Plan (MNSAVES), is excited to celebrate National 529 Day by offering a little extra incentive for families as they start down the path of reaching their college savings goals.
- What: $50 Match Promotion to celebrate National 529 Day, a day dedicated to raising awareness of the rising cost of higher education and encouraging parents to start planning for their child’s college education. Learn more at mnsaves.org/529Day.
- When: May 24 – May 31, 2021. During this time anyone who opens an MNSAVES account with $50 or more at mnsaves.org and adds a monthly recurring contribution or payroll direct deposit of $25 or more for six months will receive a $50 match.1
“National 529 Day reminds us that the sooner you start saving for higher education, the more time your money has to grow, giving your child a stronger financial foundation down the road,” said James Mandler, senior marketing manager for the Minnesota 529 College Savings Plan. “We want to be your savings partner and are excited to offer families a little something extra as they get started.”
Minnesota residents are invited to join an MNSAVES college savings specialist for free, online college savings webinars on May 26th, May 27th, or May 28th. Register at mnsaves.org.
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 a MNSAVES account and funds saved can be used at colleges, technical/community 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.
1Visit mnsaves.org/529Day for terms and conditions. Promotion ends 05/31/2021. Void where prohibited or restricted by law. Sponsored by the Minnesota College Savings Plan.
To learn more about the Minnesota College Savings Plan, its investment objectives, tax benefits, risks and costs, please see the Plan Description at mnsaves.org. Read it carefully. 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. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. Consult your legal or tax professional for tax advice. If the funds aren’t used for qualified higher education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply.
TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for the Minnesota College Savings Plan.