Farry Urges Families to Take Advantage of Pennsylvania 529 Guaranteed College Savings Plan
As the cost of college continues to rise and family budgets continue to shrink, Rep. Frank Farry (R-Bucks) reminds residents that the Pennsylvania Treasury offers a smart, lower-risk way to make college up to 50 percent less expensive than paying with loans through the Pennsylvania 529 Guaranteed Savings Plan (GSP).
A Commonwealth program administered by the Pennsylvania Treasury Department, the GSP offers a range of resources specifically designed to help Pennsylvania families save for their child’s higher education.
How a Pennsylvania 529 Guaranteed Savings Plan works:
- Contribute whatever you can.
- Save enough for a semester of college today and use those funds to pay for college tomorrow.
- Lower your state and federal taxes.
- Use at colleges, trade, and career schools.
- Covers many expenses besides tuition, such as room and board.
Farry added that residents who open an account can save $50 with a waiver of the enrollment fee by entering the savings code “PAHOUSE09.” Students who register will be eligible for a chance to win a $25,000 scholarship or one of four $2,500 scholarships.
The offer ends Oct. 13.
For more information about the program, visit RepFarry.com and click on the “Start now. Save. Win.” banner.
Rep. Frank Farry
142nd District
Pennsylvania House of Representatives
Contact: Sean Yeakle
House Republican Public Relations
(717) 787-3406