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TULSA (AP) â€” An Oklahoma baby has received a big boost toward her Oklahoma 529 College Savings Plan.
State Treasurer Ken Miller awarded $5,529 Wednesday to the winner of the plan's Newborn Sweepstakes, Hannah Gabel of Jenks.
Hannah is one of more than 51,000 babies born in the state last year. She was entered by her parents, Katherine and Brad Gabel.
Started in 2010, the sweepstakes is an annual, statewide partnership between the College Savings Plan and participating Oklahoma Hospital Association members. The sweepstakes offers parents or grandparents of Oklahoma babies the chance to win $5,529 toward an account. It also gives $1,529 to the hospital where the winning baby was born.
Miller, chairman of the plan's board, says saving for college is important at any age, but it's best to begin early.