May 29th is 529 College Savings Day. Get it, 5/29? But wait, what is 529 College Savings Day you might ask? Good question.
Celebrated nationwide, the event raises awareness about saving for higher education using 529 plans. In observance of 529 Day, Virginia529 is matching contributions and waiving online application fees for new accounts opened May 15 through 29.
In addition, if you start your savings right now, Virginia529 will give you an extra $50! Open a new inVEST account with an initial contribution of $100 or more and Virginia529 will add a $50 match.
This doesn’t help us since we already have 529 accounts and Virginia529 doesn’t seem to care about its existing customers, but if you don’t yet have a 529, why not start now?
To earn the match, you must select 529 Day for “How did you hear about the program?” in the online application.
New accounts must be opened and funded between May 15 and 29, 2014 to qualify. One $50 match per beneficiary and account owner combination. Virginia529 will add the $50 match to qualifying accounts by June 30, 2014.
Don’t believe me? Read the official terms and conditions yourself.