‘Book Your Summer’ with my529, Utah State Library contest

FOR IMMEDIATE RELEASE:

Contact: Bryn Ramjoue’, Marketing Director, 801.321.7161, bramjoue@my529.org

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April 20, 2020

 

Utah readers 18 and under can win one of four $1,000 my529 scholarships

(Salt Lake City) When Utah students spend some time with a good book this summer, they may also get a chance to win a $1,000 scholarship.

my529, Utah’s educational savings plan, is sponsoring the fifth annual Book Your Summer Utah Reading Award in conjunction with summer reading programs at libraries statewide. Participating Utah children can register to win one of four regional $1,000 my529 scholarship accounts after signing up for their library’s summer reading program. Each winner’s library will also receive $500 toward the purchase of books and media for their collection.

“Summer reading helps keep Utah students engaged and promotes the importance of lifelong learning,” said Richard Ellis, my529 executive director. “my529 is pleased to provide four students with scholarships they can use toward their future college or technical school expenses like tuition, fees, books and supplies.”

Utah residents 18 and younger are eligible to participate. Registration for the random drawing is free and open from May 15 through August 15 at bookyoursummer.com. Click on the site to find contest details, official rules and registration. Contact your local library for more information on its summer reading programs.

“The my529 summer reading incentive encourages children to read and turn to their libraries, and great libraries make great citizens,” said Colleen Eggett, Utah State Library director. “Now, more than ever, children and their caregivers look to libraries for discovering books in all their formats, reading, educational resources and opportunities to increase their awareness of the world.”

About my529

my529, Utah’s official nonprofit 529 educational savings plan, is highly rated by Morningstar Inc.

Accounts are free to open, and my529 requires no minimum deposit or account balance. my529’s user-friendly website, my529.org, makes it easy to open, manage and contribute to an account online.

To learn more, visit my529.org, call toll-free at 800.418.2551 or email info@my529.org.

About the Utah State Library

Created in 1957, the Utah State Library works to develop, advance and promote library services and equal access to information and library resources to all Utah residents. Visit library.utah.gov for more information.

 

Important Legal Notice

Investing is an important decision. Read the Program Description in its entirety for more information and consider all investment objectives, risks, charges, and expenses before investing. For a copy of the Program Description, call 800.418.2551 or visit my529.org.

Investments in my529 are not insured or guaranteed by my529, the Utah State Board of Regents, the Utah Higher Education Assistance Authority or any other state or federal agency. Your investment could lose value. However, Federal Deposit Insurance Corporation (FDIC) insurance is provided for the FDIC-insured accounts. Please read the Program Description to learn about the FDIC-insured accounts.

The state in which you or your beneficiary pay taxes or live may offer a 529 plan that provides state tax or other benefits, such as financial aid, scholarship funds, and protection from creditors, not otherwise available to you by investing in my529. You should consider such benefits, if any, before investing in my529.

my529 does not provide legal, financial, investment, or tax advice, and the information provided in this document does not contain legal, financial, investment, or tax advice and cannot be construed as such or relied upon for those purposes. You should consult your own tax or legal advisor to determine the effect of federal and state tax laws on your particular situation.

A Morningstar Analyst RatingTM for a 529 college savings plan is not a credit or risk rating. Analyst ratings are subjective in nature and should not be used as the sole basis for investment decisions. Morningstar does not represent its analyst ratings to be guarantees. Please visit Morningstar.com for more information about the analyst ratings, as well as other Morningstar ratings and fund rankings.