Share the gift of education this holiday season

Through Lynne RileyPresident, Georgia Student Finance Commission

Children outgrow toys and clothes, but when you contribute to their Path2College 529 Plan college savings account, you’re giving them a gift that will grow with them. This holiday season, I encourage families to replace at least one traditional gift with the gift of education through the state college savings plan, the Path2College 529 Plan, this year.

Through 529 Plan’s Ugift program, families can request and receive gifts that go directly into a child’s college savings and this has made it easy and safe for family and friends to give this unique and meaningful gift. even contribute $25 a child’s college savings plan can change their attitude towards saving and empower them by knowing there is a plan to help them achieve their goals. That State of Georgia has seen an increase in donations to his college savings plan – the Path2College 529 Plan. Last year, more than 20,000 citizens received gifts into their college savings accounts.

While the 529 Plan is intended primarily as a savings and investment vehicle for college expenses, these funds can be used for K-12 tuition, college expenses, and the payment of qualifying education loans. Georgia Citizens can invest in 529 plans for themselves, children, siblings, grandchildren, and friends.

In certain cases, the contributor may receive government tax benefits. 529 plan contributions are deductible Georgia state income taxes up to $8,000 per year per beneficiary for joint applicants and $4,000 per year per beneficiary for all others. Georgia Tax benefits associated with the Path2College 529 plan are only available Georgia Taxpayer. Qualified withdrawals are not subject to federal or Georgia income tax. For more information on Path2College 529 plans, visit

To give the gift of education this holiday season, or for more information on georgia Path2College 529 Plan, visit and click gift to learn more about the Ugift program.

Lynne Riley serves as President of the Georgia Student Finance Commission, which oversees georgia Path2College 529 Planning and administration of government and lottery-funded scholarship, grant and loan programs to ensure access to higher education for Georgians. Riley previously served as georgia first woman State Treasurer and State Revenue Commissioner.

SOURCE Path2College