Save for Tomorrow at Today's Rates

If you save enough for a semester today, you'll have enough for a semester at that school in the future - no matter when or how much postsecondary tuition has gone up in the meantime.

Plus, your earnings grow tax-deferred (federal and Pennsylvania state) and are free from taxes when used for qualified education expenses.

See Current GSP Credit Rates
kids playing with bubbles

How the GSP Plan Works

When you put your money in the PA 529 GSP, the Pennsylvania Treasury Department does the investing work for you, placing money in a separate fund established by the Commonwealth of Pennsylvania.

Regardless of how these investments perform, your account growth―when used for qualified college expenses―is based on postsecondary tuition increases. This means that the Fund, not you, assumes the risk for covering postsecondary tuition inflation increases. Any growth is subject to a maturity period.*

Enroll Online Today

Either the account owner or the beneficiary must be a Pennsylvania resident at the time the account is opened.

Features & Benefits of PA 529 GSP

  • Use your funds at most schools. Pay for postsecondary expenses at many colleges, universities, and community colleges, as well as graduate, career and technical schools in the U.S. and abroad. You can also pay for tuition up to $10,000 annually at K-12 public, private or religious schools. Visit to see eligible postsecondary schools or visit
  • Pay for more than just tuition. Qualified postsecondary expenses include tuition, room and board, required books, supplies, equipment and fees, special needs services, and even principal and interest on a qualified education loan for a PA 529 beneficiary or sibling.
  • Contribute with ease. Payroll deductions and automatic investing plans make saving even easier. Manage your account securely online anytime or call the PA 529 GSP (800-440-4000) to speak to a savings specialist.
  • Low fees. The PA 529 GSP has an annual asset-based fee of .30% (capped at $250 annually) for accounts with email delivery of most plan documents. For accounts with mail delivery, the fee is .40% (capped at $500 annually). All accounts are subject to a minimum fee of $5 annually.
  • Anyone can contribute. Parents, grandparents, aunts, uncles and family friends can all help cover the cost of your child's education.

Contact Us


PA 529 Guaranteed Savings Plan
P.O. Box 55463
Boston, MA 02205-8114


PA 529 Guaranteed Savings Plan
95 Wells Avenue, Suite 155
Newton, MA 02459



Contact Us

How Much Should I Save?

The PA 529 GSP helps you know how much you need to save for postsecondary education, and how close you are to your goal, by choosing a tuition level when you enroll. You may choose from five different levels and can change the tuition level at any time. The chart below compares the average annual cost of tuition today with expected costs in 10 and 20 years.

Whenever a change is made, your contributions are recalculated as if the new tuition level had been in effect since you opened your account. Most often the recalculation will change both your earnings rate and the dollar value of your account available to pay for qualified education expenses.

The chart assumes average annual tuition inflation rates: Community Colleges, 4.00%; State System of Higher Education, 3.75%; State-Related Universities Average, 4.50%; Private Four-Year Colleges, 5.25%; and Ivy League Colleges, 5.25%. Although these projections are based on historical and projected rates of tuition inflation at each type of institution, there can be no assurance that they will accurately reflect future increases. Projected tuition rates do not represent actual tuition costs at a specific school.

Frequently Asked Questions about the PA 529 GSP

Any U.S. citizen or resident alien with a valid Social Security number or taxpayer identification number who is 18 years of age or older with a permanent address that is not a PO Box may open a GSP account. A corporation, non-profit organization or trust may also open an account. Either the account owner or the beneficiary needs to be a Pennsylvania resident at the time the account is opened.

*Note: If you are a PA 529 Guaranteed Savings Plan account owner and plan to use your account to pay for qualified K-12 expenses or qualified student loan repayment expenses, please call our customer service center at 800-440-4000.

When using your PA 529 GSP to pay for higher education, if your student is attending a Pennsylvania publicly funded school, before requesting a payment, you should check to see if the Tuition Level at which you have been saving matches the school your student will be attending. If it does not, you should change your Tuition Level. By making sure that your Tuition Level matches the public school being attended, you ensure that you will receive the account value to which you are entitled.

If your student is attending a private or out-of-state post-secondary school, your payment will be made based on your current Tuition Level (which you may change at any time). If you have not taken a qualified withdrawal from this account before, you also need to advise the PA 529 GSP that you intend to use your account.

You may change your Tuition Level and Enrollment Status online by logging in to your PA 529 Guaranteed Savings Plan account. You may also call customer service at 1-800-440-4000.

Once you have logged in to your account, select your student's GSP account and follow these steps:

  1. Click on "Change Your Tuition Level"
  2. On the first screen, select the average tuition level or the specific Pennsylvania publicly funded school to which you wish to set your account. (Note: You may not need to make a change on this screen if your beneficiary is attending the school your account is currently set at or is going to a private or out-of-state school.)
  3. Depending on your previous selection, you may need to determine if your beneficiary is in-state, out-of-state, in-district, or out-of-district. (Note: This screen will be skipped if you are saving at the private four-year or Ivy League average.)
  4. If your beneficiary is going to a private or out-of-state school, you will need to find their "non-participating institution" by typing the school name (or a portion of the school name) and clicking the "Search" button and selecting the appropriate location. If your beneficiary is attending a Pennsylvania publicly funded school (one that we have a tuition level for) you will simply want to skip this screen. (Note: “non-participating institution” simply means that the school is not a Pennsylvania publicly funded institution.)
  5. Confirm your student’s tuition level and click “Submit”.

After you have updated your Tuition Level and/or school of attendance you will be brought back to the main account screen and will need to update your student’s “Enrollment Status”.

To update your student’s Enrollment Status, click on the “View Profile & Documents” link from the left-hand menu to access account profile options and follow these steps:

  1. Click on the “Beneficiaries” link from the left-hand menu to access your student’s information and click “Edit”.
  2. Change the “Expected Withdrawal” setting to “Yes” and click “Next”.
  3. Verify your changes and click “Submit”.

After you have updated your student’s school of attendance and Enrollment Status, your account will be ready to make online qualified withdrawal requests or allow you to download a Payment Authorization Form to process a paper request. (Note: All requests for qualified withdrawals must include a copy of the student’s tuition bill.)

Contributing before August 31 of each year may be a significant benefit. Because tuition inflation is ordinarily applied on September 1, contributions made by August 31 receive tuition inflation on September 1. While contributions must be held approximately one year before they and their growth can be used, a contribution made by August 31 of one year can be used as early as for the Summer semester of the next calendar year and receive the benefit of one year of tuition inflation, or for the Fall semester of the next calendar year and receive the benefit of two years of tuition inflation.
Each time you contribute, those dollars are divided by the current GSP credit rate for the tuition level you've selected, and the number of GSP credits accumulates. For most four-year colleges, 96 GSP credits will cover four years of tuition; for community colleges, you would generally need 60 GSP credits for an associate degree. For example, if you saved enough for six GSP credits each year at one tuition level, in 16 years you would have 96 GSP credits at that tuition level – enough to cover four years of tuition on average. Some GSP credit rates may include a premium to make sure the fund can meet its obligations. See current GSP Credit Rates for each tuition level.
Yes. You may use a PA 529 account to pay for expenses for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school up to $10,000 per year, per beneficiary. Please note qualified withdrawals from the PA 529 GSP are made using a “first in – first out” basis, meaning your oldest contributions (and any associated growth) are the first to be withdrawn.
When you use your account for qualified expenses, the growth on your contributions is based on postsecondary tuition increases, not on the GSP Fund's investment performance. The tuition level when your account is used (pay-out tuition level) determines your account value. For more information about the guarantee and how your account grows, please read the PA 529 GSP Disclosure Statement.
See All PA 529 FAQs

*In order for the growth on contribution to be used for qualified withdrawals, a "maturity period" ranging from approximately nine months to approximately eighteen months must elapse from the date that the contribution was made to the time the contribution was withdrawn to pay qualified education expenses. Please see the PA 529 GSP Disclosure Statement for more information.