One hundred winners, one from every county in North Carolina, will be selected for the N.C. 529 Scholarship Contest by a random drawing from all entries in each county.
Scholarships will be awarded in the form of a $529 contribution to an N.C. 529 Plan college savings Account owned (or opened after the drawing) by the entrant whose name is drawn. The owner of the NC 529 Account must be at least 18 years of age and can name a child, grandchild or anyone else in or planning for college (even him or herself) as the Account Beneficiary. Winners will be announced on May 9, 2014 — which is College Savings Day, 5/29.
The N.C. 529 Plan, also known as North Carolina’s National College Savings Program, offers a tax-advantaged way for individuals to save and pay for higher education. The N.C. State Education Assistance Authority (state entity that established and maintains the N.C. 529 Plan); College Foundation, Inc. (program administrator); State Employees’ Credit Union (scholarship funds provider); and CCL branding (contest host and manager) are contest sponsors.
