Kentucky Education Savings Plan Trust

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Summer Reading offers Kentucky families a chance to win $1,000 for college

Apr 17, 2018

FRANKFORT, Ky. — The Kentucky Education Savings Plan Trust (KESPT) and the Kentucky Department for Libraries and Archives announced today the launch of Rock, Read and Save for College!, a special opportunity for families who participate in the 2018 Summer Reading Program at participating libraries starting May 1. Rock, Read and Save for College! encourages Kentucky children to participate in the Summer Reading Program at their local libraries and offers a chance to win a $1,000 KESPT 529 college savings plan account. Each winner’s local library will also receive $500 for future reading programs.

Rock, Read and Save for College! will award a $1,000 KESPT 529 college savings plan account to eight random winners. Parents, grandparents and guardians can enter on behalf of a child, age 18 or younger, by completing an entry form at their local library. Entries must be postmarked by August 17, 2018, and received by August 22, 2018.

“Our goal is to increase awareness of Kentucky’s 529 education savings plan with families across the state, and the libraries are an excellent partner,” said David Lawhorn, KESPT program manager. “The Summer Reading Program is a fun way to encourage children to read and families to start saving for education expenses.”

Libraries across Kentucky offer a Summer Reading Program every year as part of the national Collaborative Summer Library Program (CSLP) — a consortium of states working together to provide high-quality summer reading program materials for children at the lowest cost possible for their public libraries. Libraries enhance the experience by designing costumes, hosting games and obstacle courses, creating art projects and science and engineering experiments, and more.

“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. “We’re excited to offer Rock, Read and Save for College! as part of Summer Reading to encourage more families to not only practice mental fitness, but also financial fitness in starting early with a college savings plan.”

KESPT is the Commonwealth's official 529 Plan, which helps parents, grandparents, family and friends save for a loved one’s 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 savings plans. Visit kysaves.com for more information about the Plan or call toll free 877-598-7878.

Rock, Read and Save for College! 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. 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. Consult your legal or tax professional for tax advice, including the impact of the new federal tax changes.

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

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