Yesterday at Doctors Hospital of Augusta, LaToya Royal and Tarri Lloyd celebrated the birth of their son, and because Dallas was the first baby born on May 29th, the family was awarded $1,529 for his college savings. Across the nation, May 29 is celebrated as “529 Day” in an effort to raise awareness of each state’s 529 college savings plan and the importance of financial planning.

“Education is important to us,” said LaToya Royal. “Receiving this scholarship will help us ensure a bright future for Dallas.”

This is the 10th year the state of Georgia’s Path2College 529 Plan has partnered with Doctors Hospital of Augusta to award a college savings account contribution to a “529 Day Baby.” 

“Thank you to Path2College for providing this special scholarship for 10 consecutive years,” said Brad Griffin, COO of Doctors Hospital. “It’s exciting that the first baby born on 529 Day at Doctors Hospital now has a savings contribution from Georgia’s Path2College 529 Plan, which will help him achieve future education goals.”

“The simple act of opening a 529 plan early can pay dividends for any family with young children. College may seem far away when a baby is first born, but it’s smart to prepare for whatever educational future awaits,” said Georgia Student Finance Commission President Lynne Riley. “Even a small amount invested early on can grow significantly over the years, helping to reduce the amount you or your children will have to borrow.” 

A Path2College 529 Plan account can be an incredible gift to give your children or grandchildren. It can help them graduate from college with less debt or even debt-free, which can give them a firm foundation to start building their life.

For more information about the Path2College 529 Plan or to open a college savings account, please visit www.Path2College529.com or call (877) 424-4377.

To learn more about Georgia's Path2College 529 Plan, its investment objectives, risks, charges and expenses see the Plan Description at path2college529.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. If the funds aren't used for qualified higher education expenses, a federal 10% penalty tax on earnings (as well as federal and state income taxes) may apply. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for the Path2College 529 Plan.