News and Events

Great News!

As a result of renegotiated contracts with the PA 529 Investment Plan’s (IP) investment manager, Vanguard, and record-keeper, Ascensus, PA 529 IP fees are being lowered*! Additionally, fees for the PA 529 Guaranteed Savings Plan (GSP) are also being reviewed.

Additional details may be found in the press release below and chart showing upcoming PA 529 IP fee reductions is available here. Please call 800-440-4000 with any questions.

*Please note that these changes will take effect 30 days after approval by the Pennsylvania Attorney General’s Office. Account owners will receive notification of the effective date of these changes by email.

Treasurer Torsella Announces Substantial Fee Reduction For Pa 529 Investment Plan Account Holders


By Heidi Havens | 717-787-2991 |

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.

"Every parent is doing their very best for their family, and I want Treasury to do our very best for parents. One of the ways Treasury can do that is to put families first. As a parent, I know that families aren’t just saving for college, they are building futures. I will continue to be a strong advocate for families to ensure we keep their costs down, and their savings up.”

Pennsylvania Treasurer, Joe Torsella

Treasury is reducing the asset-based fees that PA 529 IP account owners pay by 10.5 basis points, a nearly 1/3rd reduction from their current level. PA 529 IP fees will now range from 0.23-0.33 percent, depending upon the investment option selected, a 24.4 – 31.8 percent reduction from current levels. Over the life of the five-year contract Treasury projects that savings will be approximately $17.5 million.

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Other News Releases

Pennsylvanians Can Now Send State Tax Refunds Directly to a PA 529 College Savings Account


PA Treasurer Joe Torsella today announced that, for the first time, Pennsylvanians can deposit their state income tax refund directly into an existing, tax-exempt Pennsylvania 529 College Savings Program account. With the new option, all or a portion of a refund can be sent to one or multiple accounts.

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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.

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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.

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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

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

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Phone: 800-440-4000


PA 529 College Savings Program
613 North Drive | Room G-06
Harrisburg, PA 17120