Fight the summer slide and win a scholarship

The end of the school year is fast approaching and summer will soon be here. Why not encourage the children in your life to spend some of those long summer days with a book?

my529 and the Utah State Library want to help you get your children reading and then enter your name in a random drawing for one of six $1,000 my529 college savings scholarship accounts. Their reading skills will stay sharp, and their efforts could win them a chance to boost their college savings.  

New this year, the Book Your Summer reading award is offering six chances to win. 

The Book Your Summer reading award is co-sponsored by my529, Utah’s educational savings plan, and the Utah State Library. Enroll your child in your local library’s summer reading program for a chance to win a $1,000 my529 college savings scholarship account. Six kids up to age 18 throughout the state will be awarded the scholarship accounts. Book Your Summer runs May 1 through July 31, 2023. Official rules and entry forms can be found at bookyoursummer.com.

A special offer

In addition to Book Your Summer, May 29 is National 5.29 Day and my529 is celebrating the entire month. Open a new my529 account between May 1 and May 31, 2023, and you could be eligible to receive up to $40 contributed to your account. More details and information about this offer can be found at my529.org/529-day.

my529 plans are a great way to save for future education costs. The money invested in a my529 plan can be used in a variety of ways to meet the individual needs of your family. Not only can these funds be used for tuition and fees, but they may also help cover the costs of qualified education expenses like housing, textbooks, computers and other required supplies. my529 funds can also be spent on registered apprenticeships, qualified education loan repayments up to certain limits and K-12 tuition expenses for public, private and religious schools up to $10,000 annually.

Let my529 help you and your student reach your education and savings goals this summer.

Important Legal Notice

Investing is an important decision. The investments in your account may vary with market conditions and could lose value. Carefully 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 Board of Higher Education, the Utah Higher Education Assistance Authority Board of Directors/Utah Education Savings Board of Trustees, any other state or federal agency, or any third party. However, Federal Deposit Insurance Corporation (FDIC) insurance is provided for the FDIC-Insured investment option. In addition, my529 offers investment options that are partially insured for the portion of the respective investment option that includes FDIC-insured accounts as an underlying investment.

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. You should consult your own tax or legal advisor to determine the effect of federal and state tax laws on your particular situation.