College savings sweepstakes announced


INDIANAPOLIS — Gov. Eric Holcomb has claimed September as College Savings Month in Indiana and one individual will be selected to win a $10,000 account deposit in the College Choice 529 Education sweepstakes.

The Office of the Indiana Treasurer of State announced the program Sept. 1. To enter the sweepstakes, individuals 18 years or older must fill out a form at by Sept. 30. The winner will be randomly selected from all eligible entries.

CollegeChoice 529 provides account owners and gift contributors flexibility when it comes to saving for education after high school, according to a press release. 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 Accounts grow tax-deferred and distributions are tax-free as long as the money is withdrawn to pay for qualified education expenses like tuition, books, computers, equipment and fees.

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