A one-day-old baby boy is already making strides toward college — simply by being born at the right place and the right time.
Coen Miles McDermott, the first "Tax Day Baby" born at Northside Hospital Tuesday, won a $1,529 contribution for his Path2College 529 Plan account. The tradition is an effort to "raise awareness about the importance of financial planning and saving for a college education," according to a press release.
The 6-pound, 11-ounce baby boy was born to Mike and Anna McDermott at 1:37 a.m. on April 17. “This is the second best news we’ve had all day,” Mike McDermott said in the release.
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Northside and Path2College have partnered to recognize the “Tax Day Baby” for eight years. Path2College also kicked off its eighth annual Newborn Sweepstakes, which will award a baby born in Georgia this year a $5,529 contribution toward college savings.
The hospital where the Newborn Sweepstakes winner is born will also receive $1,529.
Parents, grandparents and guardians of Georgia babies born in 2018 may see official rules and enter the sweepstakes at www.Path2College529.com until April 14, 2019.
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