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The registration period for the 2019 program has closed.

Win one of 50 $1,000 college savings plan deposits

Banner: Save Now, Save Later Giveaway
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Save Now, Save Later Giveaway

Fifty $1,000 529 Deposits

Planning and saving for your child's college education now is an essential part of helping your student save later by reducing his or her potential debt. That's why Iowa Student Loan partners with College Savings Iowa® for its annual Save Now, Save Later: College Savings Plan Parent Giveaway. The giveaway awards 50 $1,000 deposits into College Savings Iowa 529 plan accounts.

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Iowa Parents Benefit

It is crucial to start thinking about future plans before they become a stressful scramble at the end of high school. Save Now, Save Later is a great program to get things rolling in a helpful direction without being too overwhelming.

Melissa B., Denison, Award Recipient

See a list of recent award winners.

Use the Parent Handbook to qualify and learn valuable information, like these college savings tips.

What You Need to Know

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Who is eligible?

To be eligible for the Save Now, Save Later: College Savings Plan Parent Giveaway, you must:

  • Be a parent or legal guardian of an Iowa middle or high school student (grades 6–12).
  • Be a resident of Iowa.
  • Have, or be willing to open (if you win), a College Savings Iowa 529 plan account.

Read the official rules.

Who can enter?

Legal residents of the United States who reside in the state of Iowa, and who are parents or legal guardians of an Iowa middle or high school student in grades 6 through 12 during the 2019–2020 school year, are eligible to enter.

What do I have to do to enter?

Participants in the Save Now, Save Later giveaway are directed to view the Parent Handbook: Grades 6–12, an online interactive resource designed to increase understanding of college planning. Participants are also required to provide contact and verification information via the registration page, and must accept and agree to be bound by the Official Rules of the giveaway.

What are the important dates?

The registration period opens on Sept. 3, 2019, and will close at 11:59:59 p.m. (Central time) Oct. 18, 2019. Applicants must view the Parent Handbook and complete the one-time registration process before the close of the registration period. Potential Winners will be notified in November 2019, and Winners will be publicly announced soon after.

Do I have to view the Parent Handbook and complete the one-time registration at the same time, or can I do one of them now and the other later?

You do not have to register for the Save Now, Save Later giveaway at the same time you view the Parent Handbook; however, the registration link is only available from within the Parent Handbook. After viewing the Parent Handbook, you can return to the Parent Handbook later from the Iowa Student Loan website. The one-time registration can be started at any time by clicking the link within the Parent Handbook.

How long does it take to complete the Parent Handbook and one-time registration?

The exact amount of time necessary to complete the Parent Handbook and one-time registration will vary from person to person, depending upon how much information they are interested in reading. We suggest you allow at least 10 to 15 minutes to review the Parent Handbook and complete the one-time registration process for the Save Now, Save Later giveaway.

How will winners be chosen?

Fifty potential winners will be chosen at random by an independent third-party organization after the registration period ends.

If I am selected as a winner, what do I have to do to receive the award?

To be declared a winner of the Save Now, Save Later giveaway and receive an award, the potential winner must (1) meet all eligibility requirements, (2) have performed all participation requirements, (3) have, or open within sixty (60) days, a College Savings Iowa account in the name of the eligible student who was named in the registration information, and (4) provide Iowa Student Loan with all information that is necessary for Iowa Student Loan to be able to deposit the award into the appropriate College Savings Iowa account.

What if a winner is disqualified or determined to be ineligible?

If a potential winner of the Save Now, Save Later giveaway is disqualified or determined to be ineligible they will forfeit the award and that award will not be re-awarded to any other participant.

What do winners receive?

Each winner of the Save Now, Save Later giveaway will receive a deposit of $1,000 to a College Savings Iowa account for the eligible student whose name was provided during registration for the giveaway.

Do I need to have an existing College Savings Iowa account to enter?

No, you do not need to have an existing College Savings Iowa 529 account to enter. However, if you are selected as a potential winner and do not already have a College Savings Iowa 529 account for the eligible student who was named in your registration information, in order to receive the award you will need to both open a College Savings Iowa account for that eligible student, and provide the necessary information about that account to Iowa Student Loan, within 60 days after being notified that you are a potential winner.

After 60 days, if a College Savings Iowa 529 account has not been opened for the eligible student, or Iowa Student Loan has not received the necessary information about the account, you will be disqualified and you will forfeit the award.

How will I be notified if I win?

If chosen as a winner of the Save Now, Save Later giveaway, you will be notified via the email address and/or phone number you provide in your registration information. If Iowa Student Loan is unable to reach you via these means, and you miss any deadlines, you will forfeit the award.

If I have more than one eligible student, can I enter more than once?

Yes, you can enter the parent giveaway one time for each eligible student for whom you are either a parent or legal guardian.

Can multiple parents/guardians enter for the same student?

No, an eligible student can only be entered into the parent giveaway one time. Duplicate entries will be disqualified and not used in the final drawing.

Can an award be split up and divided among multiple College Savings Iowa accounts?

No. The award can only be deposited into one College Savings Iowa 529 account.

Can an award be deposited into a College Savings Iowa account for any eligible student?

No. The award can only be deposited into a College Savings Iowa 529 account that is in the name of the eligible student who was named during registration on the selected entry.

How can I find out more about the program sponsors?

Iowa Student Loan is the sponsor of the Save Now, Save Later College Savings Plan Parent Giveaway. Iowa Student Loan is a West Des Moines-based, private, nonprofit corporation, created in 1979, whose mission is to help Iowa students and families obtain the resources necessary to succeed in postsecondary education, and employs more than 200 Iowans in providing products and services for students and their families.

College Savings Iowa is working in cooperation with Iowa Student Loan in support of the Save Now, Save Later College Savings Plan Parent Giveaway. College Savings Iowa is the State of Iowa's direct-sold 529 program, administered by State Treasurer Michael Fitzgerald. More information is available at www.collegesavingsiowa.com .