FRANKFORT, Ky. – The weekend after Thanksgiving is known for a frenzy of deals and discounts, but this year the Kentucky Education Savings Plan Trust (KESPT) is inviting families to invest in the gift of education.
Just in time for the holidays, KESPT, Kentucky’s 529 College Savings Plan, is making a $25 matching contribution to any account opened online between Nov. 24 (Black Friday) and Nov. 27 (Cyber Monday). Anyone who also sets up an automatic contribution plan will receive an additional $25 match after six months. Families may open an account by visiting kysaves.com/give.
“It’s never too early to prepare your child or grandchild for a successful future,” said David Lawhorn, KESPT program manager. “We hope many Kentucky families will take advantage of this special incentive and open a 529 college savings account for their children.”
For families who already have an account, KESPT offers a convenient eGift feature at kysaves.com that allows family and friends to make a contribution for the holidays and provides downloadable gift certificates.
KESPT account funds may be withdrawn tax-free to cover college expenses like tuition, fees, books, computers and certain housing expenses at any accredited college, university or technical school in the U.S. and some abroad. Matching contribution details and terms and conditions are available at kysaves.com/give. Void where prohibited.