Here’s an interesting piece of news, few seniors from Holmes High School student will receive money in his ex-savings account to help him out with college expenses Tuesday, after the good deed that happened last fall.
Well, the good deeds were that Theo Jordan, an employee of the Kroger grocery store on Madison Street, was on the job one day last October when an old man in line didn’t have enough money to cover his bill.
Furthermore, the 18-year-old got into the business, got into his own pocket, and gave the cashier all his money, $ 35, to cover the guy’s bill. The law received widespread media attention after local television news spread across the country.
The Kentucky Higher Education Aid Agency (KHEAA) also acquired the story last fall, and wanted to give him a $ 1,000 account, but the pandemic prevented it. But now, the event will take place on Tuesday morning.
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In addition, here’s the official statement by the David Lawhorn, Ky “KHEAA and KY Saves 529 are delighted to honor the distinguished young man, Theo Jordan, for his kindness and thought demonstrated when helping a fellow Covington resident earlier this fall.” We hope a $ 1,000 KY Saves 529 account will help Teo and his family pay some of his college expenses in the future.”
While, the KY Saves 529 is the Commonwealth’s official educational savings program. Managed by KHEAA, KY Saves 529 offers investment options that help families cover future education costs, including tuition from kindergarten through high school. Account earnings are exempt from Kentucky taxes, and any withdrawals used for qualifying education expenses are free of federal income taxes as well. KHEAA is a government agency that administers the Kentucky Education Excellence Scholarship (KEES), need-based grants, and other programs to help students pay for their higher education. It also disburses low-cost premium education loans to its sister agency, the Kentucky Student Loan Corporation for Higher Education. Now, what is your take on this? Let us know in the comment section below!