Why Get a PA 529 Plan?

PA 529 accounts are designed for higher education and career savings so you can:

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Prepare for rising costs of college and career education

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Earn tax-free growth

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Reduce future borrowing

What Can You Do With a PA 529 Plan?

A PA 529 plan puts postsecondary education within reach while offering flexibility for whatever your child's future holds.

  • Use funds at any qualified educational institution, from K-12 to college to career training programs.
  • Save toward tuition, room and board, books, and more.
  • Easily contribute from your bank account or paycheck.
  • Get special tax benefits available only with a PA 529 plan for education.
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Why Choose PA 529?

Benefits for PA Residents

Pennsylvania residents get a state income tax deduction, protection from PA financial aid reporting, and more.

Keystone Scholars

PA babies born after December 31, 2018 receive a $100 education investment through Keystone Scholars.

Tuition Discounts

Through SAGE Scholars Tuition Rewards Program, get discounts to 300+ private colleges nationwide.

PA 529 Accounts Offer Tax Advantages Over Other Types of Savings Accounts Including:

  • State tax deduction. Deduct contributions from your PA state income taxes.
  • Tax-deferred growth. Contributions grow free of federal and Pennsylvania income taxes while they remain in the account.
  • Tax-free withdrawals. When used for qualified expenses, you pay no income tax on the growth in your account.
  • Gift and inheritance tax benefits. PA 529 plans also provide unique gift and inheritance tax benefits, including a special provision for gifts larger than the normal limit.
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