Teo Jordan says he just wanted to help when he heard a cashier tell a man that he did not have enough money to cover his grocery bill. Teo, an 18-year-old Holmes High School senior was working as a bagger at Kroger in Covington when he reached into his own pocket and gave the cashier all the money he had -- $35 to cover the man’s bill.
Teo’s act of kindness did not go unnoticed. Many heard the story last fall and wanted to make sure Teo was rewarded for his good deed. This includes representatives from the Kentucky Higher Education Assistance Authority, who presented Teo with a $1,000 Ky Saves 529 account today to help with college expenses.
“KHEAA and KY Saves 529 is pleased to recognize an outstanding young man, Teo Jordan, for his kindness and thoughtfulness he displayed when helping one of his fellow Covington residents earlier this fall, said David Lawhorn, Ky Saves 529 program manager. “We hope the $1,000 KY Saves 529 account will help Teo and his family pay some of his future college expenses.”
KY Saves 529 is the Commonwealth’s official education savings program. Administered by KHEAA, KY Saves 529 offers investment options that help families meet future education costs, including K-12 tuition. Account earnings are exempt from Kentucky taxes, and any withdrawal used for qualified education expenses are free from federal income taxes as well.
KHEAA is the state agency that administers the Kentucky Educational Excellence Scholarship (KEES), need-based grants and other programs to help students pay their higher education expenses. It also disburses low-cost Advantage Education Loans for its sister agency, the Kentucky Higher Education Student Loan Corporation.
KHEAA has wanted to present this award to Teo since October when it learned of his act of kindness. Because of COVID19, the presentation was delayed until now.
Teo is undecided about where he will attend college but is appreciative of the award. He plans to use it for his college tuition.