State Treasurer Daniel Elliott is pleased to announce that Danielle Rittenhouse of Elwood, Indiana is the winner of the $10,000 CollegeChoice 529 Education Sweepstakes.
“I’m very grateful and honored to win this sweepstakes. It will greatly help us in the building of funds for our two boys as they grow up and continue with their academic careers. It’s definitely a great boost and steppingstone in helping make the future of our sons’ education even better,” said Rittenhouse.
“Helping families prepare for future education is why CollegeChoice 529 exists,” said Daniel Elliott, Indiana Treasurer of State. “There is real power in knowing that the Rittenhouse boys can use their 529 plans for tech or trade schools, registered apprenticeships, and 4-year degrees. The sky is the limit for these young Hoosiers.”
CollegeChoice 529 provides account owners and gift contributors flexibility when it comes to saving for education after high school. Funds can be used at any eligible school or registered apprenticeship program, both in- and out-of-state. Accounts grow tax-deferred and distributions are tax-free as long as the money is withdrawn to pay for qualified education expenses like tuition, books, computers, equipment, and fees.
Indiana taxpayers may also be eligible for an annual state income tax credit of 20 percent of contributions to CollegeChoice 529 accounts, worth up to $1,500 each year ($750 for married couples filing separately).
“We run this sweepstakes to raise awareness of CollegeChoice 529 and encourage families to start saving,” said Marissa Rowe, executive director of the program. “Kudos to Danielle for being selected from more than 12,000 entries. Those not selected are automatically entered into our quarterly drawing for a $529 account deposit, so keep an eye on your email in January.”
For more information about CollegeChoice 529 Savings Plans, visit www.collegechoicedirect.com/plans.