College SAVE Reading Champion
It’s easy! It’s fun! And when young readers knock out their summer reading, they become College SAVE Summer Reading Champions, earn $25 and have a chance to win $529!
The North Dakota State Library and Bank of North Dakota have partnered to offer the College SAVE Summer Reading Champion campaign. College SAVE is the state’s 529 plan administered by BND that helps families save for college. More than 40 libraries with nearly 15,000 young readers are expected to participate.
Here’s how it works:
- If your library is one of the 42 participating libraries, you can register to win $529 to be deposited in a new or existing College SAVE account just for signing up to participate in your library’s program.
- The reader will automatically receive a $25 College SAVE certificate when they finish their books and meet the criteria for the library’s summer reading program. The librarian will also submit their name for a chance to win one of 10 $529 contributions to a new or existing College SAVE account.
College SAVE is one of the best ways to save for a child’s future. Anyone can open an account with as little as $25 for a child of any age. The accounts grow state and federal tax free when used for qualified higher education expenses or K-12 tuition at public, private and religious schools. Contributions are also tax deductible from North Dakota state income.
College SAVE match programs help families achieve more with college savings.
The New Baby Match offers $200 to every newborn in North Dakota when an account is started by the child’s first birthday. To receive the match, you must contribute $200 within 12 months from the date you open the account. The New Baby Match has no income restrictions.
The BND Match offers $300 for an account if the most recent adjusted gross income was $80,000 or less if single or $120,000 or less if married, filing jointly. The beneficiary must be 15 years or younger to receive the BND Match.
To learn more visit www.collegesave4u.com.