Posted byon February 20, 2009
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It’s back! The extremely popular $25 sign up bonuses for the Ohio 529 College Advantage plan have returned.
When they ran the program last fall, it was one of the most popular Free Money Friday offers. For those of you that missed out, here’s your chance!
The Ohio plan is one of my favorites. We have nine accounts with them (but I’m sure I’ll open some more with the new promotion!) Here’s why:
Once you sign up, you can earn even more by referring your family members. If you open an account for one child, you can refer yourself to open a second account for another child to earn an extra $25 in each account. ($25 referral + 2 x $25 sign up bonus = $75).
In addition, you can have multiple accounts for the same children, using different owners. Scott and I each have an account for ourselves, each other, and each of the kids (8 total in our family alone).
If you don’t have plans for college, you can withdraw your deposit and referral bonus five business days after it is deposited. (Just remember, earnings are subject to income tax when withdrawn, plus 10% additional federal tax.)
I get 20 referral bonuses, so I’ll monitor them closely. If you subscribe by email or feed, be sure to check back at Ohio 529 College Advantage $25 Sign Up Bonus, as I’ll update the code once it looks like I’m getting close to 20.