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Annual "5/29 College Savings Day" offers excellent time for families to start saving

For release May 13, 2015

The University of Alaska College Savings Plan joins state savings plans around the nation on May 29 (5/29) in celebrating “5/29 College Savings Day” and the importance of saving for education expenses.
 
“Higher education is one of the best investments a person can make,” said Lael Oldmixon, UA College Savings Plan director. “I encourage Alaska families to take some time on 5/29 College Savings Day to discuss college savings goals as a family and learn how a college savings plan can help make those goals a reality.”
 
The UA College Savings Plan will host a series of 5/29 Day events. In Anchorage on May 16, plan staff will celebrate at the Reading Rendezvous event from noon-4 p.m. on the lawn at the Loussac Library. In Fairbanks on May 29, they will host a celebration from 2 p.m. - 5 p.m. at the Fairbanks Children’s Museum, in partnership with Fairbanks Families, the Northstar Imagination Library and Thread. Both events will offer refreshments, activities, giveaways and information about the UA College Savings Plan.
 
“It is never too early to set an expectation that going to college is essential in today’s world. We want to help the families who participate in 5/29 Day events get a head start toward saving for college,” said Oldmixon.

Additionally, during May the plan will give away a limited number of its popular T-shirts. To request a free shirt visit the UA College Savings Plan’s Facebook page at www.facebook.com/ak529. This year, blue shirts feature a diploma and the words, “Watch out college, here I come!” UA is asking recipients to share photos of their youngsters wearing the shirts on the UA College Savings Plan’s Facebook page.
 
“We enjoyed seeing kids across the state sporting their shirts so much that we decided to do it again,” Oldmixon said. “The real aim though is to get both parents and children thinking about education and workforce training beyond high school.”

The UA College Savings Plan is one of the top-rated 529 plans in the country and is helping thousands of Alaska families save for future college expenses. T. Rowe Price, a well-known financial services provider, manages the plan on behalf of UA. Accounts in the plan grow tax-free and distributions from accounts are tax free when used to pay for qualified college expenses at any institution, including the University of Alaska. Alaskans can invest in the plan directly, through employer payroll deduction or through the Alaska Permanent Fund Dividend. To learn more about the UA College Savings Plan, visit http://www.uacollegesavings.com.
 
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More information: Lael Oldmixon, 907-450-8115 or lmoldmixon@alaska.edu
NR06-15

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