Guaranteed Savings Plan
|How do I start?||GSP. Start with as little as $15. Enroll now||IP. Start with as little as $25. Enroll now|
|What does it cover?||Both plans can be used for post-secondary tuition, room and board costs, books and more, as well as tuition at elementary or secondary public, private, or religious schools.|
|Where can I use it?||Both plans work at most post-secondary schools, including colleges, universities, technical and professional schools, as well as elementary or secondary public, private, or religious schools both in and out of PA.|
|What happens if the child doesn't attend college?||Both plans allow you to change the beneficiary of the account to certain members of the beneficiary's family. The Plan Disclosures describe other ways to make withdrawals.|
|Can I get my money back?||YES. In the GSP you get back at least what you put in, minus any fees. You also keep the growth on your contributions, if any.
Depending on the reason for withdrawal, growth may be calculated differently. There may be tax consequences if you don’t use the money for educational expenses.
|YES. However, the value of your investment depends on its performance, and could be more or less than you initially invested.
There may be tax consequences if you don't use the money for educational expenses.
|Can I pick my investments?||NO. You pick the type of school or tuition level to save towards. PA Treasury manages the investments of the GSP Fund.||YES. Choose from 17 investments options, all using Vanguard investment vehicles.|
|Will it keep pace with rising tuition costs?||YES. Your savings grow based on tuition inflation, when used for qualified post-secondary education expenses.||MAYBE. Investments can gain or lose, depending on market conditions.|
SAGE Scholars Tuition Rewards®
Make private colleges more affordable. SAGE Scholars Tuition Rewards (SAGE) is a free scholarship program that helps families earn Tuition Reward Points that reduce the cost of undergraduate tuition at participating private colleges and universities.
Each quarter you earn Tuition Rewards equal to 2.5% of the value of your PA 529 account – adding up to approximately 10% per year. Each point is worth $1.00 in scholarships at SAGE member schools. Learn more at tuitionrewards.com.
Tuition Rewards costs nothing to join. It's easy to get started – just sign up when you open your PA 529 account. To track your SAGE Rewards, to get more information, and to receive a 500-point bonus, register and visit your account at tuitionrewards.com. You'll get another 500-point bonus for each child that has a PA 529 account.
SAGE Scholars' Tuition Rewards is an optional service, separate from PA 529, and not affiliated with the Commonwealth or the Treasury Department. Specific terms and conditions apply. Contact Support@SAGEscholars.com for more information.