Make College Possible - Pennsylvania's 529 College Savings Program


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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
149,236 individuals are enrolled in the Pennsylvania 529 College Savings
Program – 91,043 in the GSP and 58,193 in the IP.

Since 1993, 207,042 people have participated in one or more of the Pennsylvania
529 College Savings Program plans.

Assets
Total assets (contributions plus earnings) equal $1.94 billion.

Since 1993, account holders have contributed over $2.2 billion combined
through both 529 plans.

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 33,000 students (181,844 payments) have used their GSP accounts to attend colleges and career schools.

Those students have attended over 1,600 different schools.
$703.6 million has been paid from GSP accounts.
Of that amount, more than $210.2 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 12,196 students (over 18,531 payments) have used their IP accounts to attend colleges and career schools.

Over $97 million has been paid from IP accounts.

Of that amount, more than $9 million has been growth.
On average, families’ contributions have grown 10% in value from
contribution to use.

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 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.