Saving for college is a strategic investment that will pay dividends for your children well into the future, but families need to identify ways to incorporate college savings into their unique set of financial circumstances – and get the most bang from their savings buck.
The Pennsylvania 529 College Savings Program is here to help.
Sponsored by the Commonwealth of Pennsylvania and administered by the Treasury Department, the Pennsylvania 529 College Savings Program offers a range of resources specifically designed to help families save for college.
Named for Section 529 of the Internal Revenue Code, 529 college savings plans provide important tax advantages and are considered by many financial experts to be one of the best ways to save for college.
PA Treasury offers two 529 college savings plans: the Pennsylvania 529 Guaranteed Savings Plan (GSP), which is tied to the rate of college tuition inflation, and the Pennsylvania 529 Investment Plan.