Missouri State Treasurer Scott Fitzpatrick wants Missourians to enter the MO Money Sweepstakes before June 4. The sweepstakes will give away $100,000 in MOST 529 contributions. The first drawing took place Friday, May 15, and the final drawing will be June 4.
MOST, Missouri’s 529 Education Plan, is a tax-advantaged savings plan for education expenses. Money in MOST accounts can be used to pay for K-12 tuition and trade, college and graduate school tuition and expenses. Contributions are eligible for state tax deductions, which can save families up to $864 a year, and assets in MOST 529 accounts grow tax free.
50 scholarships will be awarded: 25 $529 scholarships, 10 $1,000 scholarships and 15 $5,029 scholarships. This is the largest sweepstakes in the program’s 20 year history.
“Saving for education is important and I hope Missourians will take a few minutes to enter this sweepstakes,” Fitzpatrick said. “We launched this during America Saves Week to encourage Missourians to think about the cost of education. Obviously, a lot has changed in the past two and a half months, but the importance of education planning has not changed.”
Missourians can enter online at mostsweeps.com.
No purchase is necessary. Participants must be at least 18 years old and a Missouri resident to enter and win the sweepstakes.