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Looking for other ways to boost your level of college savings? Pennsylvania Treasury has partnered with nationally recognized, innovative college savings organizations to help families set more money aside for education. You can easily link these programs to your Pennsylvania 529 college savings plan accounts to save even more money for college.
Earn additional savings for college with Upromise Service
The Upromise Service is an online service designed to help families earn extra money for college. Upromise Service members get back a percentage of their qualified spending with hundreds of America’s leading companies. When you sign up for the Upromise Service, you can earn a percentage back by shopping online or in-store, eating out, buying groceries, purchasing travel, and more.
You can join the Upromise Service online at the conclusion of completing your online enrollment for the PA 529 or by going directly to the Upromise Service website, upromise.com/pa. Once you enroll in both Upromise Service and the PA 529, your accounts can be linked so that the savings in your Upromise Service account is automatically transferred to your PA 529 account on a periodic basis. The minimum amount for an automatic transfer from a Upromise Service account to a PA 529 Account is $25. Contributions made from the Upromise Service to your PA 529 may be deducted from your Pennsylvania taxable income subject to the total dollar limitation of the Pennsylvania tax deduction.
Upromise Service is offered by Upromise, Inc., an affiliate of Upromise Investment Advisors, LLC. This web page provides information concerning the PA 529, and is not intended to provide detailed information concerning the Upromise Service. The Upromise Service is an optional service, is separate from the PA 529, and is not affiliated with the Commonwealth or the Treasury Department. Terms and conditions apply to the Upromise Service. Participating companies, contribution levels, and terms and conditions are subject to change at any time without notice. Go to www.Upromise.com to learn more.
It’s easy to enroll in Upromise Service online.*
Let friends and family give the gift that lasts a lifetime – education
Pennsylvania offers an easy and safe way for friends and family to help you reach your college savings goal.
Ugift is an innovative way to invite family and friends to celebrate a child’s milestones with the gift of college savings in lieu of traditional gifts. This easy-to-use service lets the special people in your life make gift contributions to your PA 529 College Savings Program Account.
Once you become a PA 529 College Savings Account owner, participation in Ugift is just a click away. Log in to your PA 529 College Savings Account and click on the Ugift logo. You will be taken to the Ugift screen, where you will be given step-by-step instructions. Contributions made via Ugift are invested into the beneficiary’s PA 529 College Savings Program Account to be used for college and college-related expenses.
And, contributions can be deducted by the gift giver on Pennsylvania’s state income tax returns. Consult your tax advisor for information.
Earn tuition discounts with SAGE Scholars’ Tuition Rewards
SAGE Scholars Tuition Rewards (“SAGE”) is a free scholarship program available to those who use the PA 529 to save for college. Based on the value of your PA 529 Account, you earn Tuition Reward Points that can reduce undergraduate level tuition at SAGE participating private colleges and universities.
Discounts earned are normally equal to 1.25% times the value of your account (Tuition Inflation Value for the GSP) quarterly. Through June 30, 2013, the discount is 2.5% of the value of your account. The Points accumulate from quarter to quarter. If the Beneficiary attends one of the SAGE member schools starting with the freshman year, earned Tuition Reward Points entitle the Beneficiary to a discount in tuition of $1.00 per Point. The maximum discount that will be honored varies by school but is generally one year of tuition spread evenly over four years. Currently, there are over 295 SAGE participating schools. For students starting in fall 2012, the discounts they honored were between $8,500 and $42,420.
To participate, your Beneficiary must be enrolled in SAGE no later than his or her 16th birthday; Tuition Reward Points stop accumulating on the student’s 17th birthday. (An extension of the discount earnings period may be granted it the student is over 17 and has not entered the senior year in high school. To inquire about an extension, contact Customer Service at 1-800-440-4000.) You may enroll in SAGE on the PA 529 enrollment form by submitting a written form signed by the Account Owner, or through “My Account” access on the PA529.com website. When you enroll in SAGE, your SAGE account will be credited with 500 Tuition Reward Points for each of your PA 529 Accounts that you enroll. You may earn another 500 Points (per Account Owner, not per Account) by registering with SAGE at its website. Once registered with SAGE, you will be able to track the accumulation of your Tuition Reward Points at that website.
By enrolling in SAGE through PA 529, you give the Plan permission to provide SAGE with information from your account so that your Tuition Reward Points may be calculated and credited to your SAGE account.
* Please note that the Upromise service is an optional service offered by Upromise, Inc., and is separate from the PA 529 College Savings Program. Specific terms and conditions apply. Participating companies, contribution levels, terms, and conditions are subject to change without notice.
** Please note that SAGE Scholars’ Tuition Rewards is an optional service offered by SAGE Scholars’ Tuition Rewards and is separate from the PA 529 College Savings Program. Separate terms and conditions apply. Contact SAGE Scholars’ Tuition Rewards at support@SAGEscholars.com for more information.
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