Recent PA 529 Updates

The PA 529 College and Career 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

If you're planning a special event, seminar, fair or other educational initiative and you would like to invite a PA 529 College and Career Savings Program Representative to speak about Pennsylvania's two state-sponsored 529 plans, please call 1-800-440-4000 or email pa529@patreasury.gov.

If you would like instead to provide literature to your attendees about the PA 529 College and Career 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 and Career Savings Program, or to schedule an interview with Treasurer Torsella, please contact the Office of Communications at 717-787-2991 or news@patreasury.gov.