Minnesota’s 529 Plan Launches Summer Reading Program Sweepstakes on 5-29 Day!

MINNEAPOLIS, May 27, 2011 /PRNewswire/ -- The Minnesota College Savings Plan is launching the 3rd annual Summer Reading Program Sweepstakes, Destination College Savings, on a special day this year, May 29, 2011 – or 5-29 Day!

The Minnesota College Savings Plan is Minnesota’s official Section 529 plan, administered by the Minnesota Office of Higher Education and managed by TIAA-CREF Tuition Financing, Inc. As of May 25, 2011, the Plan has helped over 55,000 families save close to $900 million toward a child’s future college education.

The Destination College Savings Sweepstakes launches on May 29, 2011 (5-29 Day) and runs through August 12, 2011. It will award fifteen $1,000 prizes to parents with a participating child in the Summer Reading Program at local libraries throughout Minnesota. The prize can be used toward the child’s future college education. Plus, the winners’ local libraries will each receive $500 toward their future reading programs. Parents can enter to win by filling out an official Entry Card at a participating Minnesota library when signing up their children for the Summer Reading Program.

“Investing back in the community and helping our Minnesota families is important to the Minnesota College Savings Plan,” said Renee Hill, program manager. “This has been a successful partnership with our Minnesota libraries while emphasizing reading and encouraging parents to save for their loved one’s future college education.”

For more information and the Official Sweepstakes Rules visit, www.mnsaves.org/library.

No purchase is necessary to enter or win. The contest is void where prohibited. Entries must be postmarked by August 12, 2011, and received by August 19, 2011. Visit www.mnsaves.org/library for official rules and prize details. Sponsored by the Minnesota College Savings Plan.

Consider the investment objectives, risks, charges and expenses before investing in the Minnesota College Savings Plan. Please visit www.mnsaves.org for a Disclosure Booklet containing this and other information.

Account value in the investment options is not guaranteed and will fluctuate based upon a number of factors, including general market conditions.

TIAA-CREF Tuition Financing, Inc., Plan Manager                      C49524b

SOURCE The Minnesota College Savings Plan