News and Events
Recent PA 529 Updates
The PA 529 College Savings Program website was recently updated to include changes to the PA 529 Investment Plan (IP) changes which took effect on April 27, 2018. An overview of these changes is available here. Additionally, the website was updated to include recent federal changes which allow 529 plans to be used for K-12 tuition expenses up to $10,000 at elementary or secondary public, private, or religious schools.
Important Changes to the PA 529 IP
Please note that the PA 529 Investment Plan (IP) implemented important changes on April 27, 2018. An overview of these changes is available here.
Effective April 27, 2018, the PA 529 IP made the following changes:
- Offered the Vanguard Total International Bond Index Portfolio as a stand-alone portfolio for investors interested in diversifying investments with international exposure.
- Increased the international equity and bond allocations in multi-fund portfolios.
- Added seven new portfolios to the three Age-Based investment options, which will allow for a smoother transition from more aggressive to more conservative investments as your loved one approaches college.
Current and prospective account owners should determine how these changes, including changes in risk tolerance, may affect PA 529 IP accounts. If you are unsure how these changes may affect your personal situation, please contact a qualified financial professional. Details are available in the Important PA 529 IP Changes booklet and a supplement to the PA 529 IP Disclosure Statement.
Other News Releases
Treasurer Torsella Announces Substantial Fee Reduction For Pa 529 Guaranteed Savings Plan Account Holders
Pennsylvania Treasurer Joe Torsella today announced that PA 529 Guaranteed Savings Plan (PA 529 GSP) account holders will see a fee reduction as the result of Treasury renegotiating contracts with its record-keeper, Ascensus.
Treasurer Torsella Announces Substantial Fee Reduction For Pa 529 Investment Plan Account Holders
Pennsylvania Treasurer Joe Torsella today announced that PA 529 Investment Plan (PA 529 IP) account holders will see a substantial fee reduction as the result of Treasury renegotiating contracts with its record-keeper, Ascensus, and investment manager, Vanguard, bringing the program’s fees down to among the lowest for any comparable state plan.
Treasurer Torsella Encourages Families To Contribute To Pa 529 Guaranteed Savings Plan Before Schools’ Tuition Rates Increase
Pennsylvania Treasurer Joe Torsella today reminded Pennsylvanians to contribute to a PA 529 Guaranteed Savings Plan (GSP) by August 31, 2017, before the annual tuition rate increase on Sept. 1, 2017, set by colleges and universities.Learn more...
Treasurer Torsella Announces Financial Results for PA 529 Guaranteed Savings Program Accounts
Pennsylvania Treasurer Joe Torsella today provided a financial performance report on PA 529 Guaranteed Savings Program’s (PA 529 GSP) investment report for fiscal year 2016-17, and outlined adjustments going forward.Learn more...
If you're planning a special event, seminar, fair or other educational initiative and you would like to invite a PA 529 College Savings Program Representative to speak about Pennsylvania's two state-sponsored 529 plans, please call 1-800-440-4000 or email firstname.lastname@example.org.
If you would like instead to provide literature to your attendees about the PA 529 College Savings Program, please call and we'll send you our marketing collateral that help add value to your event.
If you are a member of the media and wish to learn more about the Pennsylvania 529 College Savings Program, or to schedule an interview with Treasurer Torsella, please contact the Office of Communications at 717-787-2991 or email@example.com.