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The Pennsylvania 529 College Savings Program provides a smart, tax advantaged way for families to save for college. Sponsored by the Commonwealth of Pennsylvania and administered by the Pennsylvania Treasury, the Pennsylvania 529 College Savings Program offers two plans: the PA 529 Guaranteed Savings Plan (GSP), in which growth is tied to the rate of college tuition inflation, and the PA 529 Investment Plan (IP), in which investment returns are determined by financial markets.
Enrollment
158,825 individuals are enrolled in the Pennsylvania 529 College Savings
Program – 94,854 in the GSP and 63,971 in the IP.
Assets
Total assets (contributions plus earnings) equal $2.347 billion.
Making College Possible for Pennsylvania Families
The Pennsylvania 529 College Savings Program has helped thousands of families make college possible!
Through the PA 529 GSP (inception date of 9/93):
Over 38,812 students (221,652 payments) have used their GSP accounts to attend colleges and career schools.
- Those students have attended over 1,824 different schools.
- $874.2 million has been paid from GSP accounts.
- Of that amount, more than $263.6 million has been growth.
- On average, families’ contributions have grown 43% in value from
contribution to use.
Through the PA 529 IP (inception date of 7/02):
Over 10,329 students (over 34,918 payments) have used their IP accounts to attend colleges and career schools.
Over $158 million has been paid from IP accounts.
- Of that amount, more than $16 million has been growth.
- On average, families’ contributions have grown 12% in value from
contribution to use.
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