Miami, FL, October 18, 2012 --(PR.com
)-- GradSave, the premier online college savings registry, announces its $10,000 college scholarship sweepstakes. From Monday, September 17, 2012 to Monday, December 31, 2012 parents and their children will be able to enter to win a $10,000 scholarship for college education. To enter, only a simple online registration needs to be complete at www.gradsave/sweepstakes.com.
"This sweepstakes signifies GradSave’s commitment to making college education accessible to all. We aim to encourage parents and their children to seek out various methods to make college education more affordable," says Chief GradSaver Marcos Cordero. "By offering a scholarship towards college education, we hope to initiate the financial planning that has become necessary for parents and their children when thinking about an educational future."
The lucky grand prize winner will be able to tailor the method of scholarship receipt to cater to his or her specific needs. He or she can either receive the scholarship payment as a deposit of $1,000 per year for the next ten years, totaling $10,000, into a child’s college savings 529 fund or as a lump-sum payout of $4,000. Whichever payment option is chosen, the unparalleled tax benefits received with such a large contribution to a 529 savings plan will make a dramatic difference when that individual is ready to pay for college.
With the cost of college rising 8% annually, paying for college has become a massive concern for parents. "Unless we as a entire community begin to address the rising cost of college and, in turn, begin to provide the financial education necessary to pay for college, higher education will not be attainable for today’s youth," continued Cordero. "This is an extremely alarming reality considering the repercussions this could would have on our nation’s future."
GradSave has created the tools necessary for parents to ensure a college education for their children by providing an easy and accessible platform to help grow a child’s college fund that can be linked to a 529 college savings plan. Parents, friends, and family can contribute directly to a child’s college savings easily via a one-click "donate" button with GradSave, essentially "crowd funding for college education." These contributions grow tax-free until the child is ready to head off to higher education, at which point qualified withdrawals can be made on a tax-free basis.
To learn more about the $10,000 scholarship sweepstakes, please visit www.gradsave.com.
There is no fee or purchase necessary, and a winner will be chosen at random on Thursday, January 3, 2013. Additional chances of winning will also be awarded for sharing via email, Facebook, and Twitter.
GradSave is an online college savings registry that helps parents, family, and friends save for a child’s college education. Founded in 2011, the savings platform offers creative and accessible methods, including gift cards, for funds to be contributed directly to a 529 plan. Education and support for 529 selection and college saving is also available. For more information, visit us at gradsave.com.