Oklahoma 529 College Savings Plan (OCSP)

The Buzz

News & Press Releases

Enid family announced as Oklahoma 529 College Savings Plan’s Pigskin Piggybank winner, receives grand prize of $5,529 for college

Hoover Elementary also receives $5,529 donation
Nov 21, 2019

OKLAHOMA CITY (Nov. 21, 2019) — An Enid family today received more than $5,000 toward a college savings account as State Treasurer Randy McDaniel announced Derrick Yazel the winner of the Oklahoma 529 College Savings Plan’s Pigskin Piggybank Sweepstakes. Yazel entered the sweepstakes on behalf of his daughter Keiley, a second grader at Hoover Elementary. Treasurer McDaniel also presented the school with a $5,529 donation.

Derrick Yazel was excited to continue saving for his daughter’s college savings in their new OCSP account.

“While we have several years before she begins college, we talk about future education and plans regularly through casual conversations at the dinner table or as we’re driving,” said Yazel. “This prize not only jump starts her account, but it helps bring a level of tangibility to the future to make those plans a reality. Our hope is to continue contributing to the OCSP account and grow it over the years, so that it is waiting for her when she completes high school.”

State Treasurer Randy McDaniel and OCSP officials recognized both the Yazel family and Hoover Elementary’s principal Tanea Artman at a school assembly. Hoover Elementary second-grade students sang holiday songs at the assembly and were given individual OCSP piggybanks to take home to remind them of the importance of saving for college.

“Opening an OCSP account early can be a winning strategy for a child’s college savings plan,” said Treasurer McDaniel. “Saving early not only creates the opportunity to save more, but it also strengthens a child’s chances of continuing education past high school. I encourage Oklahoma families to start their college-savings journey this holiday season.”

As a second-grader, Keiley has not declared her school of choice; however, she is excited about her future career options. She previously has mentioned an interest in being a veterinarian and helping animals.

This holiday season, parents, grandparents, relatives and friends can give the gift of a college education by opening or contributing to a college savings account. Family and friends can open an account for a future student with a minimum initial contribution of $100 or contribute to an already existing account. Current account holders can also securely invite family and friends to gift online with OCSP eGift.

For more information about the Oklahoma 529 College Savings Plan visit www.ok4saving.org or call (877) 654-7284. 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 September 30, 2019, combined assets in both plans exceeded $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. Read the Disclosure Booklet carefully. Limitations may apply.* 

*To learn more about the Oklahoma 529 College Savings Plan, its investment objectives, tax benefits, risks and costs, please see the Disclosure Booklet at ok4saving.org. Read it carefully. 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. (TFI), Plan Manager. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for the Oklahoma 529 College Savings Plan.

Go to www.ok4saving.org/pigskin for prize details and official rules. No purchase necessary. Void where prohibited. Deadline for entry is October 11, 2019. Sponsored by the Oklahoma College Savings Plan. Prize: One (1) Grand Prize of a $5,529 OCSP account contribution and one prize of $5,529 to the school attended by the random winner’s child.

1016064

The Latest
Loading...