News & Press Releases
Eight Kentucky Families Win $1,000 College Savings Plan Accounts through Library Reading Program
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) On Your Mark, Get Set...Save for College! 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 On Your Mark, Get Set...Save for College! 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 4,600 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 program on behalf of a Kentucky child age 18 or younger. The students were randomly selected to win.
“Our goal is to increase awareness of Kentucky’s 529 college savings program with families across the state, and the libraries are an excellent partner,” said David Lawhorn, KESPT manager. “Families who start saving early for higher education are more prepared when their children go off to college, and they are more likely to avoid overwhelming student loan debt.”
The eight children who will receive a $1,000 KESPT college savings plan account and the libraries that will receive $500 are:
Spencer Cloward of LaGrange, Oldham County Public Library
Kannon Crum of Inez, Martin County Public Library
Avery Ishmael of Hillsboro, Fleming County Public Library
Taylor Grubb of Barbourville, Knox County Public Library
Kennick Oldenkamp of Glasglow, Mary Wood Weldon Memorial Library
Emily Seaton of West Paducah, McCracken County Public Library
Obadiah Hamilton of Lexington, Lexington Public Library, Central Branch
- Kailyn Miller of Rockfield, Warren County Public Library
The KESPT On Your Mark, Get Set...Save for College! 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.
On Your Mark, Get Set...Save for College! is sponsored by KESPT and KHEAA. No purchase necessary. Void where prohibited. Visit kysaves.com for official rules and prize details.
Consider the investment objectives, risks, charges and expenses before investing in the Kentucky Education Savings Plan Trust. Please visit kysaves.com for a Plan Disclosure Booklet containing this and other information. Read it carefully. Investments in the plan are neither insured nor guaranteed and there is the risk of investment loss.
No public funding is used for KESPT marketing, promotions or contest awards. Funding for marketing is provided by the program manager, TIAA-CREF Tuition Financing, Inc.
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.