What are 529 college savings plans?

529 plans are college savings plans offered by states or colleges that are established in accordance with Section 529 of the Internal Revenue Code, to help individuals and families save for college in a tax-advantaged way.

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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 to learn more about that plan including investment objectives, risks, fees, and tax implications.