News & Press Releases
Two fans win big with OCSP VIP Fan Experience Sweepstakes
OKLAHOMA CITY – One University of Oklahoma fan and one Oklahoma State University fan each enjoyed the ultimate game day experience—and contributed to their children’s and grandchildren’s college savings—as winners of the Oklahoma 529 College Savings Plan VIP Fan Experience Sweepstakes.
The sweepstakes opened on Sept. 1 to mark the beginning of Oklahoma College Savings Month, and carried through October with entries being accepted online from across the state from OU and OSU fans.
“Partnering with the University of Oklahoma and Oklahoma State University for this sweepstakes not only gave two fans the experience of lifetime, it helped remind parents how crucial it is to start saving for their children’s college educations,” said State Treasurer Ken Miller, board chair of the Oklahoma 529 College Savings Plan (OCSP).
Adam Spikes, the winner of the OSU experience, received $1,529 toward an OCSP account and four lower-level tickets to the Oct. 29 game in Stillwater against West Virginia University. Spikes also received a pre-game VIP experience for all four guests, one parking pass, a football autographed by OSU coach Mike Gundy, an OSU gift package including a football jersey, and on-field recognition.
Spikes, of Stillwater, works at Quorum Business Solutions, where he develops software for use by the oil and gas industry. He said that planning to pay for college ahead of time helps students stay debt-free, which benefits them financially and emotionally.
“We are so honored to be a part of celebrating not just OSU's homecoming, but to help reach out to parents and grandparents to promote saving for their children and grandchildren's college,” Spikes said. “Being an advocate for being and staying debt free, this is an absolute must for helping your children get the start they need in the real world without the stress of owing someone.”
Debbie Harder-Bullock, the winner of the OU experience, also received $1,529 toward an OCSP account and four lower-level tickets to the Nov. 12 game against Baylor University. Harder-Bullock also received a pre-game VIP experience for all four guests, one parking pass, a football autographed by OU coach Bob Stoops, an OU gift package including a football jersey, and on-field recognition.
Harder-Bullock, of Fairview, is a registered nurse at Okeene Municipal Hospital in Okeene and has three children and four granddaughters. It’s her hope that her grandchildren have fewer financial worries when they attend college and can focus on their studies.
“I paid for my own college education when I went back to school with three kids, a husband and a full-time job,” Harder-Bullock said. “I think it’s important for parents to think ahead so that their kids don’t have to work as hard to earn money when they should be focusing on school.”
The treasurer reminds Oklahoma families that all the information they need to get started with an Oklahoma 529 College Savings Plan is available at www.ok4saving.org.
“Every family needs a solid game plan for paying for college,” Miller said. “There are a lot of resources out there to inform parents of their options so they can get ahead early and meet their college savings goals.”
The sweepstakes was open to legal residents of Oklahoma and OCSP account owners, regardless of their state of residency. Winners for each experience were randomly selected. Funding for OCSP prizes comes from the marketing budget of the Oklahoma 529 College Savings Plan; no state funds are used.
The OCSP is Oklahoma’s only state-sponsored, tax-advantaged 529 college savings plan. Investors can open an account with as little as a $100 initial contribution and can fund their account with contributions as small as $25. The plan offers a variety of investment options to cater to investors’ preferences.
About the OCSP
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.
Any earnings in an OCSP account are federal and Oklahoma income tax-deferred, and distributions are also federal and Oklahoma income tax-free when qualified withdrawals are made to fund an array of student expenses at most institutions of higher learning. Funds may be used at virtually any private or public university, college or career technology center nationwide.
Introduced in April 2000, the Oklahoma 529 College Savings Plan had more than $714 million in total assets and more than 60,000 accounts, as of October 28, 2016.
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.
Before investing in a 529 plan, consider whether the state where you or your Beneficiary resides has a 529 plan that offers favorable state tax benefits that are available if you invest in that state’s 529 plan.
Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor. Non-qualified withdrawals may be subject to federal and state taxes and the additional federal 10% tax.
Account value in the Investment Options is not guaranteed and will fluctuate based upon a number of factors, including general market conditions.
TIAA-CREF Tuition Financing, Inc., Program Manager. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributor and underwriter for the Oklahoma College Savings Plan.