Oklahoma 529 College Savings Plan (OCSP)

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Winners announced in inaugural Change the World contest

Eight winners across the state awarded with a $1,529 OCSP account; eight schools receive $500
May 24, 2019

OKLAHOMA CITY – Eight students across Oklahoma have a great start on saving for college after being named winners in the Oklahoma 529 College Savings Plan’s (OCSP) inaugural Change the World Contest. The contest, held earlier this year, recognizes students for describing how they will change the world after college by way of an essay, poem, drawing or video.

More than 200 entries poured in from students across the state depicting how they would become doctors, veterinarians, meteorologists, help the homeless, save the red pandas and more after college.

“It is clear that Oklahoma has many talented young students who will go on to change the world,” said State Treasurer Randy McDaniel, who serves as OCSP board chair. “Through this contest, we wanted to encourage conversations between parents and teachers with students on how college can impact their dreams. We are amazed at the level of creativity and proud to contribute to their future.”

Change the World was open to students in pre-k through sixth grade across Oklahoma. Eight winners were selected by a panel of judges based on their demonstration of how they will change the world after earning a college degree. Throughout the month of May, OCSP officials recognized winners at their schools. The winners’ schools also received a $500 contribution.

The inaugural Change the World Winners are:

  • Sydney Plett – Pre-k student at Wright Christian Academy in Tulsa

  • Roman Smith – Kindergarten student at Jefferson Elementary School in Norman

  • Kunjal Srivastava – 2nd grade student at Lincoln Elementary School in Norman

  • Kaia Patton – 2nd grade student at Whitebead Elementary School in Pauls Valley

  • Sawyer Solomon – 3rd grade student at Cleora Public School in Afton

  • Miranda Braswell – 4th grade student at Elk City Intermediate in Elk City

  • Emma Coombes – 5th grade student at Maryetta Public School in Stilwell

  • Addisyn Smith – 6th grade student at Canton Elementary School in Canton

“By honoring winners in front of their classmates, it gives them the recognition they deserve for their hard work. It also motivates parents and students to start talking about making a plan to save for college at an early age,” said McDaniel.

Information on OCSP and additional contests and sweepstakes can be found at www.ok4saving.org. Funding for OCSP prizes comes from the marketing budget of the Oklahoma 529 College Savings Plan; no state funds are used.

About the OCSP

Introduced in April 2000, the Oklahoma 529 College Saving Plan (OCSP) is Oklahoma’s direct-sold 529 college savings plan. It is designed for families who want to direct their own 529 college savings accounts. The plan is managed by TIAA-CREF Tuition Financing, Inc. Introduced in March 2009, OklahomaDream 529 Plan is offered through financial advisors and is managed by Allianz Global Investors. As of March 31, 2019, combined assets in both plans totaled more than $1 billion.

Oklahoma taxpayers may deduct, from their Oklahoma adjusted gross income, up to $10,000 in contributions to the Oklahoma 529 College Savings Plan for individual taxpayers and up to $20,000 for taxpayers filing a joint return with a five-year carryforward. Limitations may apply. Read the Disclosure Booklet carefully.

Consider the investment objectives, risks, charges and expenses before investing in the Oklahoma College Savings Plan. Please visit www.ok4saving.org or call toll-free 1-877-654-7284 for a Plan Disclosure Booklet containing this and more information. Read it carefully.

Check with your home state to learn if it offers tax or other benefits such as financial aid, scholarships and protection from creditors for investing in its own 529 plan. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss.

Consult your legal or tax professional for tax advice, including the impact of the new federal tax changes. If the funds aren't used for qualified higher education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply.

TIAA-CREF Tuition Financing, Inc., Program Manager. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA and SIPC, distributor and underwriter for the Oklahoma College Savings Plan.

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