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Kickstart Your College Savings Account at the State Fair

#saving matters



Contact: Sandy Connolly, Director of Communications
Office of Higher Education
(651) 259-3902

St. Paul, MN -- Thinking about starting a college savings account for your child or grandchild's future education? Stop by the Minnesota Office of Higher Education (OHE) booth at the Minnesota State Fair and register for the chance to make your dream a reality.

Parents and grandparents are encouraged to visit the OHE booth in the Education Building and sign up to win a $200 Minnesota College Savings Plan account. Daily winners will either receive $200 for a new account, or the $200 award will be deposited directly into the account of current participants in the Minnesota College Savings Plan.

"Research shows that children who have even a small savings account are seven times more likely to attend and graduate from college than those who have no savings account," said Commissioner Larry Pogemiller, OHE. "What could be a better give-away at the State Fair than an investment in the future?"

The daily drawing is sponsored by the Office of Higher Education, with funding provided by non-taxpayer administrative revenues from TIAA, the financial services company that manages the Minnesota College Savings Plan.

The drawing will take place between 4:00 and 5:00 p.m. every day during the State Fair. State and higher education leaders will be on hand to draw the winning name, with Commissioner Pogemiller kicking off the drawing on the first day of the fair. You do not need to be present to win, but you must register daily.

The Minnesota College Savings Plan is a 529 account helping families save for future higher education expenses. More information about the Plan.

In addition to Pogemiller, the list of those drawing winning names include:

  • Lt. Governor Tina Smith
  • James Burroughs, Diversity and Inclusion Officer, State of Minnesota
  • President Rebecca Bergman, Gustavus Adolphus College
  • Paul Cerkvenik, Minnesota Private Colleges President
  • Mary LaGarde, Executive Director of the Minneapolis American Indian Center
  • Malik Bush, Co-Director of the Center for School Change
  • Sherman Patterson, Police Community Engagement Coordinator for the City of Minneapolis

For more information about the State Fair drawing contact Sandy Connolly at 651-259-3902.

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