Indiana Celebrates 529 Day with the Community of Fort Wayne and a $1,529 Scholarship

FORT WAYNE, Ind. - May 29, 2013 - PRLog -- Indiana Celebrates 529 Day with Outreach,

Giveaways & a $1,529 Scholarship

FORT WAYNE, IN (May 29, 2013) – Indiana State Treasurer Richard Mourdock and CollegeChoice CD 529 Savings Plan (CollegeChoice CD) celebrate National 529 College

Savings Day with the community of Fort Wayne by partnering with Lake City Bank and

Canterbury School’s fine arts program to underscore the importance of planning, diversifying

and saving towards a college education.

“As part of our commitment, CollegeChoice CD will award a $1,529 scholarship to a

resident of the Ft. Wayne area,” explained Treasurer Mourdock. “Studies have repeatedly

shown that having an account designated for college increases the likelihood of a child receiving

additional education or training beyond high school, which has a direct impact on Hoosier jobs

and the economy.”

Festivities begin with an advisor college savings training session open to all Lake City

Bank branches in Fort Wayne. National 529 Day activities for the public include free educational

materials and promotional items, an opportunity for a resident to win a $1,529 CollegeChoice

CD scholarship, support local students—as members of Canterbury School’s middle and high

school orchestra perform musical selections -- meet State Treasurer Mourdock and connect

with Indiana CollegeChoice 529 Plan’s executive director and program manager, who will be

able to answer questions regarding the plan.

Information about CollegeChoice CD and scholarship giveaway details are available online at

www.collegechoicecd.com

(CollegeChoice CD) is an FDIC-insured* certificate of deposit program available to Indiana

families and individuals saving for college. It is a State-sponsored program that provides the

benefit of tax-free** interest and a state income tax credit of up to $1,000*** a year. Recipients

can use CollegeChoice CD at nearly any U.S.-accredited public or private, two-year or four-year

college or technical school in the U.S. or abroad, as long it is eligible to participate in the U.S.

Department of Education student financial aid program.

*The Federal Deposit Insurance Corporation (FDIC) generally insures, with respect to each FDIC-insured institution, deposit accounts that are held in the same right and capacity up to the maximum amount set by federal law, currently $250,000. An account owner’s interest in the insurable balance of a CollegeChoice CD account is insured by the FDIC on a pass-through basis, together with any other deposit accounts and account owner holds at College Savings Bank, up to the maximum amount. Pease see the Enrollment Kit for further information. The CollegeChoice CD 529 Savings Plan is not insured by the State of Indiana. Neither the principal invested nor the investment return is guaranteed by the State of Indiana.

**Earnings on non-qualified withdrawals are subject to federal income tax and may be subject to a 10% federal

penalty tax, state and local income taxes, and CD early withdrawal penalties. The availability of tax or other benefits may be contingent on meeting other requirements. See the Enrollment Kit for more details.

***This credit may be subject to recapture from the account owner (not the contributor) in certain circumstances, such as a rollover to another state’s qualified tuition program or a non-qualified withdrawal. The credit does not apply to rollovers from another state’s qualified tuition program. See the Enrollment Kit for more details.

CollegeSure and InvestorSure are registered trademarks of College Savings Bank. Read the Enrollment Kit carefully before you invest or send money.