Treasurer Stacy Garrity Announces 529 Day Promotion with Awards Totaling More than $33,000

Six regional awards of $5,529 – covers a year’s tuition at a Pennsylvania community college

Treasurer Stacy Garrity is encouraging families to save for education with this year’s 529 Day promotion. Families who save with the PA 529 College and Career Savings Program may be eligible to win one of six regional awards based on where in Pennsylvania they live. Each award winner will receive a $5,529 deposit into their PA 529 account. The promotion period starts tomorrow, May 1, and ends May 31, 2025.

To be eligible, families must contribute at least $10 to a PA 529 Guaranteed Savings Plan (GSP) or PA 529 Investment Plan (IP) account between May 1 and May 31, 2025, and the account owner must be a Pennsylvania resident. Visit pa529.com/529day to read promotion rules.

“I’m thrilled to announce this year’s 529 Day promotion to help boost savings for more Pennsylvania families,” Treasurer Garrity said. “Every year we celebrate 529 Day, May 29, all month long to recognize the power of saving with a PA 529 plan. It’s never too late to start saving, and our PA 529 program is the perfect way to do it. It comes with big tax advantages, and we have two plans to choose from, including the PA 529 Investment Plan which is ranked as one of the top plans in the entire country!”

The PA 529 program has been helping families save and pay for education for more than 30 years. There are two plans to choose from, the PA 529 GSP and the Morningstar Gold-Rated PA 529 IP. The PA 529 GSP lets families save at today’s tuition rates to cover tomorrow’s tuitions costs and PA 529 GSP fees are waived through June 30, 2025. The PA 529 IP has multiple investment options to choose from and returns tied to financial markets. Treasurer Garrity has cut PA 529 fees numerous times, resulting in $17 million in savings for Pennsylvania families.

Both plans offer state and federal tax advantages, and PA 529 assets don’t impact a student’s eligibility for Pennsylvania state financial aid. PA 529 accounts can be used for a wide variety of qualifying technical, collegiate, and apprenticeship expenses like tuition, fees, books, equipment, room and board, and more.

Families with children born January 1, 2019, or later, already have a $100 Keystone Scholars account to jumpstart their education savings. This automatic deposit is available to every baby born in Pennsylvania, and those adopted by Pennsylvania families. The program uses no taxpayer dollars. Families are encouraged to claim their Keystone Scholars accounts at pa529.com/keystone and open their own companion PA 529 account to continue saving for their child’s future.

Visit pa529.com to learn more about saving with PA 529 and pa529.com/529day for 529 Day promotion details and official rules.