The Levi's Brand and JCPenney Team up to Offer Two $50,000 College Scholarships

The Levi's Brand and JCPenney JCP are partnering for the second consecutive year to offer two college scholarship packages of $50,000 each during the companies' tuition sweepstakes. The scholarships are fully transferable enabling the winner to choose who receives the scholarship. Winners can choose to use the scholarship for themselves, their friends, their children or even their grandkids. The two grand-prize scholarship winners will each receive a fully transferable deposit of $50,000 to a 529 account, an educational savings plan that helps families set aside funds. Scholarship winners will also receive an additional $20,000 to cover any taxes incurred.