KREBS, Okla. -- This afternoon, one Oklahoma school and one student will be awarded $10,529 through the 10,000 Reasons to Save Sweepstakes.
State Treasurer Ken Miller will give Krebs Elementary and Krebs fifth-grader Jaxon Walters each $10,529.
Walters will be given an Oklahoma 529 College Savings Plan (OCSP) contribution, while Krebs Superintendent Patrick Turner will be presented with a check for the elementary school, where Walters attends.
The donation will be the largest the school has ever received. The school plans to use the $10,529 award on technology for its students.
Walters was entered into the contest by his grandfather.
This is the first year for the 10,000 Reasons to Save Sweepstakes and the largest award granted from OCSP.
Through the OCSP, organizers hope to educate Oklahomans on the importance of attending college, as well as saving for higher education expenses.
“We hope to attract many parents, students, grandparents and educators, to inform them about how much easier paying for college can be if they start saving early,” said Miller, who also serves as the board chair of OSCP.
The presentation will take place Monday at 1 p.m. at the Krebs Elementary cafetorium at 1 p.m.
For more information on the Oklahoma 529 College Savings Plan, visit ok4saving.org .