As the father of two boys, I understand how important it is for families to educate their children. My mom was a teacher, I deeply value education, and as your State Treasurer, one of my top goals is to help make college possible for all Pennsylvanians.
Many financial experts agree that 529 college savings plans are the best way for most families to save for college. Administered by the McCord Treasury, the Pennsylvania 529 College Savings Program offers two plans: the PA 529 Guaranteed Savings Plan, in which growth is tied to the rate of college tuition inflation and the PA 529 Investment Plan, in which investment returns are determined by financial markets.
Both plans feature tax-deferred growth on earnings and tax-free withdrawals when funds are used for qualified educational expenses.
If you’re like most parents, the task of saving for higher education gets transferred from one “to do” list to another. Often our day-to-day tasks and unforeseen expenses prevent us from taking the time and money to open a PA 529 College Savings account. However, I would guess I am much like you – I don't want to burden my children with large amounts of debt upon graduating from college. So I am pleased the McCord Treasury is able to help you get started today!
Thanks for considering the PA 529 College Savings Program.
Yours with appreciation,