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Wednesday, September 12, 2012

Pennsylvania Matters By Senator Jay Costa

Pennsylvania MattersFacebook Senator Jay Costa Offical Website

Senator Costa and StudentOpen a College Savings Account in September and Save Money

Families can save $50 by enrolling online in the college savings program operated by the state treasurer’s office in September. From now through the end of September, the PA 529 GSP plan is offering free online enrollment for all new accounts that are opened this month, saving families the $50 enrollment fee.
To open or contribute to an account, visit or call 1-800-440-4000. Constituents may use the code “Jay Costa” when they enroll online in the PA 529 GSP to waive the $50 enrollment fee.
ForclosurePA 529The contributions made to PA 529 plans are tax deductible and when they are used for qualified education expenses are state and federal tax exempt.
PA 529 contributions grow at the rate of tuition inflation. The lawmaker said that if a family saves enough for a semester at a state system university today, there will be enough to pay for another semester at the school in the future – regardless of tuition increases in the future.

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