First National Bank of Omaha and Nebraska State Treasurer Don Stenberg today announced a Young Beneficiary New Account Drawing—an opportunity for individuals who open and contribute to a new NEST Advisor Plan account for a beneficiary 8 years old or younger to receive scholarship money toward college savings.
“Saving for college early on has a significant impact on a child’s academic aspirations,” said Nebraska State Treasurer Don Stenberg. “We want children in Nebraska and across the country to know that with hard work and proper planning college is accessible. If this scholarship drawing is a helpful step toward that final goal, then we’ve done our job.”
Beginning March 1 and lasting through December 31, 2016, twenty account owners nationwide each will receive a $529 contribution in a NEST 529 Advisor Plan account. To qualify, an individual must open and contribute to a new NEST Advisor Plan account for a beneficiary 8 years old or younger. Two winners will be randomly drawn each month, from eligible accounts opened since March 1, ending in December 2016.
“It’s hard to think about college when your child or grandchild is still in diapers, but believe it or not that day will come faster than you think,” said Deborah Goodkin, Managing Director, Savings Plans, First National Bank of Omaha. “We hope this scholarship drawing presents people with incentive to open a NEST Advisor Plan right now, versus a few years from now. After all, the time between now and a few years from now could be the difference in managing those higher education costs.”
About First National Bank of Omaha
First National Bank of Omaha is a subsidiary of First National of Nebraska. First National of Nebraska and its affiliates have more than $21 billion in assets and 5,000 employee associates. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas.
NEST is a tax-advantaged 529 college savings plan and provides four plans to help make saving for college simple and affordable: NEST Direct College Savings Plan, the NEST Advisor College Savings Plan, the TD Ameritrade 529 College Savings Plan, and the State Farm College Savings Plan. The Nebraska State Treasurer serves as Program Trustee. First National Bank of Omaha serves as Program Manager, and all investments are approved by the Nebraska Investment Council. Families nationwide are saving for college using Nebraska’s 529 College Savings Plans, which have more than 261,000 accounts, including 84,000 in Nebraska. Visit NEST529.com and treasurer.nebraska.gov for more information.