The PA 529 College Savings Program sponsors two 529 plans:
The PA 529 Guaranteed Savings Plan is a lower-risk way to help keep pace with rising tuition costs. Growth is based on tuition inflation.
The PA 529 Investment Plan lets you choose from 13 investment options from The Vanguard Group.
Both plans offers these great benefits:
- Earnings grow tax free1
- Withdrawals for qualified expenses are not subject to federal or state income tax1
- Pennsylvania state tax deduction2
- Use at most colleges and career schools nationwide
- Receive better Pennsylvania financial aid treatment
As of December 2, 2013 Upromise Investments, Inc., Upromise Investment Advisors, LLC and Upromise Investments Recordkeeping Services, LLC are no longer affiliated with Upromise, Inc., SLM Corporation, Sallie Mae Bank, or its affiliates.
1 The availability of tax or other benefits may be contingent on meeting other requirements..
2 A Pennsylvania taxpayer may deduct up to $13,000 ($26,000 if married filing jointly, provided each spouse has taxable income of $13,000) in contributions made to each beneficiary's 529 account, provided the aggregate deduction taken does not exceed the taxpayer's Pennsylvania taxable income for the year.
3 The Upromise rewards service is an optional service offered by Upromise, Inc., is separate from the PA 529 Investment Plan, and is not affiliated with the State of Pennsylvania. Specific terms and conditions apply. Participating companies, contribution levels and conditions subject to change without notice. Transfers subject to a $25 minimum. Upromise, Inc. is affiliated with Upromise Investments, Inc. and Sallie Mae.
The Pennsylvania 529 College Savings Program sponsors two plans-the Guaranteed Savings Plan (GSP) and the Investment Plan (IP). The guarantee of the PA 529 Guaranteed Savings Plan is an obligation of the GSP Fund, not the Commonwealth of Pennsylvania or any state agency. Before investing in either plan, please carefully read that plan’s disclosure statement (available at www.pa529.com or by calling 1-800-440-4000) to learn more about that plan including investment objectives, risks, fees, and tax implications.
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 that state's qualified tuition program.
Investment returns are not guaranteed, and you could lose money by investing in the PA 529 Investment Plan.