Arkansas kindergarten students are encouraged to enter the Arkansas 529 GIFT Plan’s “Coloring for College” initiative for a chance to win $529 in a college savings plan account. A winner in each county will be selected by a random drawing on October 5, 2016 and be announced once all winners have accepted.
All Arkansas kindergarten students are eligible to participate and must have their 8x11 artwork stapled to the entry/parental consent form with a parent, grandparent or legal guardian signature.
Entries must be mailed to the Treasurer of State’s office at 1401 W. Capitol Avenue, Suite 275, Little Rock, AR 72201 attention Arkansas 529 GIFT Plan.
Arkansas 529 GIFT plans help parents and grandparents save money that can be used at colleges, universities, technical or vocational institutions across the country and abroad. With the many attractive features and benefits they offer, 529 plans have become one of the most popular ways to save for college.
529 accounts have the potential to grow at a faster rate than a comparable taxable account. Unlike a conventional investment, 529 growth is not taxable year after year. Once a child reaches college age, withdrawals for qualified higher education expenses are free from federal income tax. That way, more savings go toward paying for college rather than taxes.
The entry deadline is September 30, 2016. All mailed entries must be postmarked by that date. The winning student’s parent/grandparent/legal guardian will be notified and will have seven days to verbally accept the award on behalf of the student.
For additional rules, information and entry forms/parental consent visit Arkansas529.org.