Treasurer Torsella Encourages Families to Contribute to Pa 529 Guaranteed Savings Plan Before Schools’ Tuition Rates Increase
"We know that--if current trends continue--today's kindergartner will pay a tuition bill that is double the amount that today's college student pays. With
The PA 529 GSP helps parents save for tomorrow's college at today's lower rates. When a contribution is made, a tuition credit is earned at the tuition level that the contributor selects at the time of enrollment. Account owners can choose from a number of tuition levels, including one of
"The PA 529 Guaranteed Savings Plan is designed to keep pace with tuition inflation. No matter when or how much tuition goes up - and it will go up - your student will be prepared to attend their school of choice."- Deputy Treasurer of Consumer Programs,
The PA 529 College Savings Program sponsors two plans - the PA 529 GSP and the PA 529 Investment Plan (IP), which allows account holders to choose how contributions are invested from a list of 15 options. PA 529 IP returns are based on financial market performance, whereas PA 529 GSP returns are based on tuition increases.
Current and future college students in
To learn more about the PA 529 College Savings Program, please visit PA529.com.
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