First National Bank of Omaha and Nebraska State Treasurer Don Stenberg announced today the second annual “NEST on the Farm” scholarship contest for children of Nebraska farmers. Three winners will each receive a $3,500 contribution to a NEST Direct College Savings Plan account to be presented on Wednesday, September 12, 2012, at Husker Harvest Days in Grand Island.
The scholarship contest is open to children and teens ages 7 to 13 who live on Nebraska farms or whose parents work on Nebraska farms. One winner will be chosen in each of the following age categories: ages 7-9, 10-11, and 12-13. Each contestant is asked to submit a typed essay of no more than 750 words, describing what farming means in his or her life and how being in a farming family influences his or her higher education goals.
“First National Bank of Omaha has a proud history of working with Nebraska’s agricultural communities. We are excited to offer this scholarship opportunity to farming families and help them get a jump start on saving for college,” said Deborah Goodkin, Managing Director, First National Bank of Omaha.
“The NEST on the Farm scholarships give us the opportunity to recognize young people who are involved in Nebraska agriculture and who understand the importance of higher education to their future success. We know that one in three jobs in Nebraska has some connection to agriculture. These scholarships are a fitting way to encourage our young people to pursue opportunities for higher education and then to share their knowledge and ingenuity with the agriculture community as they pursue lifelong careers in our state,” State Treasurer Don Stenberg said.
All entries are due by mail or email by August 6, 2012. Three winners will be selected on August 22, 2012.
The scholarship will be awarded to the child and deposited into an account owned by the Nebraska Educational Savings Trust, held on behalf of the winner. For scholarship contest rules, visit the NEST Direct College Savings Plan at www.NEST529direct.com or the State Treasurer’s Office at www.treasurer.org.
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.
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.