Musgrove Family Celebrates First “529 Day” Baby with VHEIP 529 Plan Contribution
The first baby born at a participating Vermont hospital receives $529 for a college savings account
WINOOSKI (May 30, 2014) – The Vermont Association of Hospitals and Health Systems and Vermont Student Assistance Corp. marked national 529 Day by starting a college savings account for Skyra Musgrove – the first baby born on May 29 at Brattleboro Memorial Hospital.
Baby Skyra, who weighed in at 7 pounds, 7 ounces, was born at 12:36 a.m. in Brattleboro, one of the participating hospitals in 529 Day event.
“We are so excited to be able to partner with VSAC and the Vermont Higher Education Investment Plan to award our ‘529 Baby’ with money for their college savings,” said Jill Olson, vice president of policy and legislative affairs for the hospital association. “It’s a wonderful opportunity for a family to receive money for college.”
Scott Giles, VSAC President and CEO, said that 529 Day is an effort to remind parents that now is the time to start saving. “Skyra has a foundation for her future—what a great way to celebrate her birth,” said Giles. “We hope that other families will be inspired to start saving for their children, no matter how young or old—it’s never too early or too late to save.”
Also, across the state during May, families of children of any age up to 18, have had an opportunity to enter to win one of two $529 VHEIP contributions. One boy and one girl will be selected in a random drawing. Families have until midnight on 5/31/14 to enter at www.vheip.org.
The VHEIP 529 college savings plan was established in 1999 and is Vermont’s only state-sponsored 529 plan. VHEIP is administered by the Vermont Student Assistance Corp. and managed by TIAA-CREF Tuition Financing Inc. For more information about VHEIP, visit www.vheip.orgor call the customer service center at (800) 637-5860.
VAHHS is a member-owned organization devoted to improving the health status of communities throughout Vermont. Its activities include advocacy, policy development, education and research. VAHHS works in partnership with dozens of Vermont healthcare organizations on a wide variety of issues, providing educational and research services for members and non-members alike. VAHHS supports coordination of our members’ health care services with other health or social service organizations. For more information, visit www.vahhs.org.
Vermont Student Assistance Corp. is a public, nonprofit corporation created by the Vermont Legislature in 1965 to help Vermonters plan and pay for education or training beyond high school. VSAC administers Vermont’s 529 college savings plan; outreach services to encourage low-income students to aspire to and complete college; college and career planning services for all Vermonters; need-based state grants for full-time, part-time and non-degree study; public and private scholarship programs; and private education loans. Find us at www.vsac.org or on Facebook at https://www.facebook.com/VermontStudentAssistanceCorporation.