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Nevada Announces Contest for $529 College Savings Accounts

LAS VEGAS (AP) — The state is giving away hundreds of dollars to help parents pay for their children’s college education.

The Las Vegas Review-Journal reports that the Nevada Treasurer’s Office announced plans Monday to create five college savings accounts with an initial deposit of $529. The office is accepting entries from Nevada residents with children aged 13 or younger through Sept. 30.

The five winners will receive the $529 contribution in a 529 Plan account.

The plans are run by the state and educational institutions to allow families to set aside money for future college costs.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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