Montana $1,000 College Savings Award
The Montana Board of Regents, administrator of the Montana Family Education
Savings Program (MFESP), is sponsoring a program to promote savings for college.
Under the Montana $1,000 College Savings Award1, the MFESP will contribute one
$1,000 award for placement in a MFESP savings account each month to a MFESP
account owner. All residents of Montana 18 years or older are eligible to enter
the drawing. Representatives and employees of the Montana University System who
work directly with the MFESP are not eligible to enter the drawing. Individuals
may enter the drawing in one of two ways: (1) open a new account; or (2) fill
out an entry form which can be obtained on the MFESP websites (no contribution
is required). One winner2 will be selected each month from entries received by
the last day of the month, whether by opening a new account or submitting an
entry form. For example, all new accounts opened in June and all entry forms
submitted in June will be eligible for the June drawing. The drawing will take
place by the 15th day of the following month and winners will be notified by
mail within 5 days of the drawing3. The award must be placed in an MFESP
Award Winner Responsibilities:
Upon entering the Montana $1,000 College Savings Award, the contestant agrees to
and accepts the following terms. Failure to fulfill all terms will result in
forfeiture of the award. Award winner agrees to:
1. Participate in photo/press event(s).
2. Release photo and relevant information to the media.
3. Allow inclusion of photo and relevant information for MFESP marketing.
4. Authorize MFESP to deposit the award directly into the award winner's existing
, or open an account for that purpose.
1 Authorized for calendar year 2012.
2 Contest participants are only eligible to receive an award once per tax year.
3 Award winners will be notified by mail. If the potential winner does not respond to the award
winner letter within 7 days of the mailing date, the MFESP will attempt to reach the potential winner by phone.
If the potential winner is not at home when he/she is called, the MFESP will attempt to leave a message for the
potential winner to call back to either accept or decline the prize. If the MFESP does not receive a return call
within 72 hours from the time the call is placed to the potential winner, the prize will be forfeited and, at the
MFESP's discretion, awarded to an alternate potential winner drawn from the existing pool of applicants.
4 The award must remain in the account for no less than three years before it can be used as a qualified withdrawal.
5 The Prize may be awarded to an alternate potential winner if the potential winner does not
have an existing account in an MFESP investment vehicle and (i) does not submit an MFESP account application
in good order within fourteen (14) days after notification of the award or (ii) is not eligible to open the
MFESP account for which he/she has applied. Determinations of eligibility may be made at the discretion of
the program manager for the MFESP or its service providers.
View Official Rules in PDF format.
If you'd like to enter the sweepstakes without enrolling, please fill out the following form: