A 529 education savings plan is a tax-advantaged savings plan for future education costs of a beneficiary (your child). As our giveaway winner, you will be required to open a 529 plan account or provide us with information on an account that you already have established. After we verify and confirm the information that you provide, we will send $5,000 directly to the account. You may withdraw the funds to help pay for your child’s tuition, mandatory fees, or even room and board at a college, university or any public, private, religious elementary or secondary school. Some non-US colleges and universities will also accept it. Please see our official rules
for specific guidelines regarding the prize. You should consult with your own tax advisor or investment professional regarding any investment or withdrawal decisions and the potential tax implications of such. The sweepstakes is not a recommendation to invest in any specific 529 program.