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District Offices
Lehigh County Office
Star Plaza, Suite 302
6299 Route 309
New Tripoli, PA 18066
(610) 760-7082
M-F 9 a.m. to 4:30 p.m.

Capitol Office
113 Ryan Office Building
PO Box 202187
Harrisburg, PA 17120-2187
Phone: (717) 787-3017
Fax: (717) 705-1951

Save for College with PA 529 Guaranteed Savings Plan, Day Says
12/10/2015
HARRISBURG – Parents concerned about the cost of their child’s future higher education may want to consider opening a tax-advantaged Pennsylvania 529 Guaranteed Savings Plan (GSP), said Rep. Gary Day (R-Lehigh/Berks).

To encourage more families to start saving for college, the PA 529 GSP is offering free enrollment – a $50 savings – for all new accounts opened before Dec. 31 at the PA529.com website. Use code “DAY” when prompted. Families also will have a chance to win a $529 college savings account by registering at PA529.com/contest/ by the end of the year.

The PA 529 GSP is designed to help savings grow to meet the future cost of education. The plan allows an account owner to save for tomorrow’s college expenses at today’s plan rates – without worrying about the ups and downs of the stock market.

Pennsylvania also offers a second 529 plan, the PA 529 Investment Plan (IP), in which returns are based on financial market performance. The PA 529 IP features low fees and more than a dozen conservative and aggressive investment options from The Vanguard Group, one of the nation’s largest financial services companies. There is no enrollment fee for the PA 529 IP.

Contributions to PA 529 plans are deductible from Pennsylvania income taxes, grow tax free, and, when used for qualified educational expenses, are federal and state tax exempt. Both plans provide flexibility to pay for higher education expenses at most higher education institutions across the country.

For additional information or to open an account, visit the PA529.com website or call 1-800-440-4000.

Representative Gary Day
187th District
Pennsylvania House of Representatives

Media Contact: Jennifer Keaton
717.705.2094
jkeaton@pahousegop.com
RepGaryDay.com / Facebook.com/RepGaryDay
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