May 31, 2017 (Brattleboro, VT) – Babies born on Monday, May 29th at Brattleboro Memorial Hospital (BMH) received a special surprise courtesy of the Vermont Student Assistance Corporation (VSAC).
Lucky babies born May 29 in Vermont received $100 deposit into a Vermont 529 college savings account opened in his or her name by the VSAC.
The administrator of Vermont’s 529 college savings plan, VSAC helps educate Vermont families about saving for college for their children. The 529 plan is an education savings plan operated by a state or educational institution designed to help families set aside funds for future college costs. It is named after Section 529 of the Internal Revenue Code, which created the savings plans in 1996.
Vermont’s 529 college savings plan, called the Vermont Higher Education Investment Plan (VHEIP), helps families put a child’s college education within reach. With VHEIP, you can open an account with just $25 or give a gift of any amount. And as you contribute to a Vermont 529 account, you can benefit with a Vermont state income tax credit and other tax advantages.
The Vermont Association of Hospitals and Health Systems joined VSAC to help educate Vermont families about saving for college for their children.
“Vermont’s hospitals are deeply rooted in the communities they serve, providing excellent health care and improving the quality of life of Vermonters,” said VAHHS President and CEO Jeffrey Tieman. “Our partnership with VSAC on 529 Day is yet another opportunity to make our state a better place to live, work and play.”
At BMH, Zion Connor was one of the lucky babies – her mother, Nikketa Connor, joyfully accepted the gift. She exclaimed, “She is so blessed! This was such a happy surprise to discover.”
Nikketa Connor smiles with her daughter, Zion, who received VSAC’s 529 Day gift of $100 college savings deposit.