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.
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.
In other tax news: