Five babies born at Rutland Regional Medical Center will receive $100 each a college savings account
Vermont Business Magazine Every baby born in the Women’s & Children’s Unit at Rutland Regional Medical Center creates a buzz and plenty of excitement but babies born on May 29 receive an extra gift. Thanks to a partnership between the Vermont Association of Hospitals and Health Systems and Vermont Student Assistance Corp., babies born on national 529 Day received a $100 deposit into a college savings account.
This year, a total of five babies were born May 29 at Rutland Regional Medical Center and will receive the $100 savings account. Additionally, all 5/29 families throughout Vermont that submit a completed form by August 29 will be included in a drawing for an additional $529 contribution.
Babies 1 & 2, Kaydence Ann and McKenna Jean are siblings and were born to Krista and Matthew Poro at 10:35am. The third baby, Nevaeh Jean-Marie was born to Kasey and Garret Kitchens at 8:35am. Later in the evening, the fourth baby, Elliana, was born to Samantha Santorello & Richard Perez at the fifth and final baby born on 5/29 was Chase Asher to Ashley and Ryan Filskov. Rutland Regional Medical Center is pleased to be participating in the 529 Day event.
“The 529 Day program is a terrific way to demonstrate Vermont’s early commitment to the educational opportunities for newly born Vermonters. The partnership between VSAC and the Vermont Higher Education Investment Plan allows for an immediate deposit toward our ‘529 Baby’s’ college savings,” said Jessica Wood, Director of the Women’s and Children’s Unit at Rutland Regional Medical Center.
Scott Giles, VSAC President and CEO, said that 529 Day is an effort to remind parents that now is the time to start saving. “We welcome our newest Vermonters with college savings accounts —what a great way to celebrate their births,” said Giles. “We hope that other families will be inspired to start saving for their children, no matter how young or old—it’s never too early or too late to save.”
The Vermont Higher Education Investment Plan, a 529 college savings plan, was established in 1999 and is Vermont’s only state-sponsored 529 plan, which is eligible for the Vermont income tax credit on contributions that are used for higher education. VHEIP is administered by VSAC.
About Rutland Regional Medical Center
Rutland Regional Medical Center founded in 1896, is the largest community hospital and the second largest health care facility in Vermont with a medical staff of 256 physicians trained in 37 specialty areas. With a strong patient focus, consistent quality performance, nursing excellence, and award-winning care, Rutland Regional remains dedicated to improving the health of families and individuals throughout Rutland County and beyond.
About VSAC – Changing Lives through Education and Training since 1965
Vermont Student Assistance Corporation is a public, nonprofit agency established by the Vermont Legislature in 1965 to help Vermonters achieve their education and training goals after high school. VSAC serves students and their families in grades 7-12, as well as adults returning to school, by providing education and career planning services, need-based grants, scholarships and education loans. VSAC has awarded more than $600 million in grants and scholarships for Vermont students, and also administers Vermont’s 529 college savings plan. Share your VSAC story by email to [email protected] or submit a video to YouTube. Find us at www.vsac.org or check in on Facebookand Twitter. #changing lives