CONTEST PRIZES: Two (2) Contest Prizes will be awarded, one (1) to each Age Group:
The Scholarship prizes will be awarded as a payment to a qualified 529 College Savings Plan established for the benefit of the Eligible Child and winner will be required to establish a 529 College Savings Plan account, unless winner already has an existing qualified 529 College Savings Plan account for the benefit of the Eligible Child, in which case the prize will be deposited into that account. Check will be payable directly to a Section 529 education savings plan account established for the benefit of the Eligible Child. An annual account maintenance fee may apply. Non-qualified educational withdrawals may be taxed and an additional penalty may apply. All federal, state and local taxes and any other costs and expenses associated with the receipt or use of the Contest Prize are the sole responsibility of each Contest winner. All terms and conditions associated with applicable 529 accounts apply. Approximate Retail Value of Contest Prize: $12,500.00 each. WINNERS SHOULD CONSULT WITH A TAX ADVISOR ABOUT THE TAX TREATMENT AND IMPLICATIONS OF ACCEPTING THIS PRIZE (INCLUDING INCOME TAX AND GIFT TAX). Limit one (1) contest prize per household. Single entry!