Parents Can Register Today for a Chance at a $1,000 College Savings Deposit
September 6, 2022
Starting today, parents of students in sixth through 12th grades have a chance to give their college savings accounts a boost with the Save Now, Save Later: College Savings Plan Parent Giveaway.
Since 2014, the Save Now, Save Later program has given Iowa parents a chance at a deposit into a College Savings Iowa® plan for an eligible child. This year, the program will award 25 $1,000 deposits to randomly chosen winners.
The program is sponsored by Iowa Student Loan Liquidity Corporation®, which finances college as ISL Education Lending, and is open to Iowa residents who are parents or legal guardians of a student in grades six through 12 at an Iowa middle or high school.
"Parents are an important part of helping their children financially prepare for college by providing either financial assistance or educating them about debt," said Steve McCullough, president and CEO of ISL. "With this program, parents can potentially do both with access to online educational resources, as well as a chance to win a $1,000 contribution, which can make an impact on a college student's finances."
There is no purchase necessary to enter the program. As part of the registration process, parents view the Parent Handbook, a free, online, self-exploratory educational module. The module is a series of valuable tips and videos, categorized by relevant topics, to help families of students in middle and high school prepare for success in college and other postsecondary options.
"The cost of education is rising and having a program that makes it easier to set money aside to help support our children's educational goals is crucial to minimizing the amount of debt they make have to incur in the future." said Maria Loder, a 2021 winner from Des Moines.
ISL works directly with College Savings Iowa on the giveaway. College Savings Iowa is the state's direct-sold 529 program, administered by State Treasurer Michael Fitzgerald. Parents who are chosen as winners can have the deposit made to an existing account for the registered student, or a new account can be set up upon winning the giveaway.
Registration for the program runs now through Oct. 31. Winners will be selected in November and announced after they are notified.
Learn more about the giveaway
Parents interested in learning more about the Save Now, Save Later giveaway, or in entering the giveaway, can visit www.iowastudentloan.org/SaveNow for full giveaway description, official rules, registration and frequently asked questions.
For more information and chances to win
Parents who are looking for more information to help their student succeed can head to www.SP3.org and sign up for twice-monthly, grade-specific emails. As part of the process of reading the articles each month, parents will be signed up for a chance to win college savings plan deposits, awarded in quarterly drawings.
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Media Contact
Christopher Weishaar, Digital PR Specialist, (515) 273-7102, cweishaar@studentloan.org
