PA529 College Savings Program - Believe in them. Invest in them.


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Message from Rob McCord, State Treasurer

Dear Friends,

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,

Rob McCord
State Treasurer

The guarantee is that, when used for qualified higher education expenses, your contributions will grow at the rate of tuition inflation at a Tuition Level that you choose. If the applicable GSP Credit Rate at the time a contribution is made has a premium, however, your rate of growth will be lower than the actual rate of tuition inflation at your Tuition Level by approximately the rate of the premium. Premiums do not, however, alter the way in which the dollar value of your account is determined. When used for qualified higher education expenses, each GSP Credit will still have the full value of the actual per credit tuition cost. The guarantee is an obligation of the Pennsylvania GSP Fund only. The guarantee is not backed by the full faith and credit of the Commonwealth of Pennsylvania, and is not an obligation of the Commonwealth of Pennsylvania, the Pennsylvania Treasury Department, Upromise Investments, Inc., Upromise Investment Advisors, LLC, or any other party. The GSP is not insured by the Federal Deposit Insurance Corporation or any other government agency.

For more information about the Pennsylvania College Savings Program—529 Investment Plan, download a Disclosure Statement or request one by calling 1-800-440-4000. Investment objectives, risks, charges, expenses, and other important information are included in the Disclosure Statement; read and consider it carefully before investing. The Pennsylvania Treasury Department serves as Distributor and Underwriter. If you are not a Pennsylvania taxpayer, consider before investing whether your or the designated beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state’s qualified tuition program.