First National Bank of Omaha (FNBO) and Nebraska State Treasurer Don Stenberg announced today a scholarship contest for the children of Nebraska farmers. Three winners will each receive a $5,000 NEST (Nebraska Educational Savings Trust) scholarship sponsored by First National Bank of Omaha.
“First National Bank of Omaha has been committed to the communities of Nebraska and the agricultural industry for over 150 years,” said David Cota, Senior Managing Director, First National Bank of Omaha. “We are proud to offer the farming families across Nebraska the opportunity to get a head start on saving for college through this scholarship contest.”
“As the cost of higher education continues to rise, we are committed to making it easier and more affordable for families to save for college,” said Nebraska State Treasurer Don Stenberg. “Offering scholarship opportunities such as this is just one example of that commitment.”
The contest runs through August 5, 2011. Each contestant must write and submit an essay describing how growing up as part of a farming family impacts his or her goals for higher education. The typed essay must be no more than 750 words and may be submitted by one of two ways:
All entries will be divided into three age groups: 7-9 years of age; 10-11 years of age; and 12-13 years of age and the winners will be announced at the Nebraska State Fair in Grand Island on Saturday, September 3, 2011. Additional qualifications include:
For complete scholarship contest rules and regulations, visit the NEST Direct College Savings Plan at www.NEST529direct.com, the State Treasurer’s Office at www.treasurer.org or the Department of Agriculture at www.agr.state.ne.us.
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 $23 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.