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Eight Kentucky families win $1,000 college savings plan accounts through Library Reading Program

Oct 15, 2017

FRANKFORT, Ky. — Eight Kentucky children are getting a head start on saving for college after participating in a statewide reading program through their local libraries. As winners of the Kentucky Education Savings Plan Trust’s (KESPT) Read. Save for College. Change the World. reading program, each winning child’s family will receive a $1,000 Kentucky 529 college savings plan account. Plus, the winners’ local libraries will receive $500 to use for future reading programs. KESPT is Kentucky’s official Section 529 College Savings Plan.

KESPT and the Kentucky Department for Libraries and Archives (KDLA) teamed up to offer Read. Save for College. Change the World. to emphasize the importance of reading year-round and saving early for college. Thousands of children participated at libraries across the state, and more than 4,500 families entered for a chance to win a KESPT college savings plan account.

“Research shows that children who participate in Summer Reading Programs at public libraries keep their brains active and enter school in the fall ready to learn,” says Krista King-Oaks, youth services consultant at the Kentucky Department for Libraries and Archives.

Parents, grandparents and guardians were invited to participate in the KESPT reading programon behalf of a Kentucky child age 18 or younger. The students were randomly selected to win.

“We want to ensure that families across Kentucky are aware of KESPT and the advantages of saving with a 529 College Savings Plan while their children are young,” said David Lawhorn, KESPT program manager. “Libraries are a terrific partner in promoting the importance of education, and we very much value their partnership.”

The eight children who will receive a $1,000 KESPT college savings plan account and the libraries that will receive $500 are:

  • Brianne Biedenharn of Erlanger, Kenton County Public Library
  • Mason Bramschreiber of Owensboro, Daviess County Public Library
  • Michele Bransum of Nancy, Pulaski County Public Library
  • Emilee Bottorff of Westport, Oldham County Public Library
  • Teagan Dezarn of McKee, Jackson County Public Library
  • Thatcher Newnum of Benton, Marshall County Public Library
  • Jaxon Sturgill of Stafford, Johnson County Public Library
  • Brooks Tracy of Versailles, Woodford County Public Library

The KESPT Read. Save for College. Change the World. reading program was offered during the nationwide Collaborative Summer Library Program. Many Kentucky libraries participate each year to encourage children to continue reading through the summer.

About the Kentucky Education Savings Plan Trust

KESPT is the Commonwealth's official 529 College Savings Plan, which helps parents, grandparents, family and friends save for a loved one’s future college education with tax advantages. It is administered by the Kentucky Higher Education Assistance Authority (KHEAA) and managed by TIAA-CREF Tuition Financing, Inc., a leader in managing Section 529 college savings plans. Visit kysaves.com for more information about the Plan or call toll free 877-598-7878.

Read. Save for College. Change the World. is sponsored by KESPT and KHEAA. No purchase necessary. Void where prohibited. Visit kysaves.com for official rules and prize details.

No public funding is used for KESPT marketing, promotions or contest awards. Funding is provided by TIAA-CREF program manager for KESPT.

To learn more about the Kentucky Education Savings Plan Trust, its investment objectives, tax benefits, risks, and costs please see the Disclosure Booklet at kysaves.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss.

TIAA-CREF Tuition Financing, Inc., Plan Manager. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributor and underwriter for the Kentucky Education Savings Plan Trust.

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