"Parents are an important part of helping their children financially prepare for college by providing either financial assistance or educating them about debt," said Steve McCullough, president and CEO of Iowa Student Loan. "With this program, parents can potentially do both with access to online educational resources, as well as a chance to win a $1,000 contribution, which can make an impact on a college student's finances."
Iowa Student Loan works directly with College Savings Iowa on the giveaway. College Savings Iowa is the state's direct-sold 529 program, administered by State Treasurer Michael Fitzgerald. Parents who are chosen as winners can have the deposit made to an existing account for the registered student, or a new account can be set up upon winning the giveaway.
"The program has great information to help point you in the right direction in how to pay for college," said Amanda Salyars, a 2017 winner from Muscatine. "Winning $1,000 certainly helps too!"