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PA SR113
Resolution
Status
5/30/2025
Primary Sponsor
Lynda Schlegel Culver
Click for details
AI Summary
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Designates May 29, 2025, as "College and Career Savings Day" in Pennsylvania to promote awareness of the PA 529 College and Career Savings Program
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PA 529 program, established April 3, 1992, offers two savings options: the Guaranteed Savings Plan (grows with tuition inflation) and the Investment Plan (grows based on market performance)
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PA 529 Investment Plan received Morningstar Gold Rating, ranking among only five 529 plans nationally to achieve this designation
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More than 314,000 families currently participate in PA 529, with nearly 200,000 in the Investment Plan; Treasury Department fee reductions since 2024 have saved families nearly $1.3 million
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PA 529 funds can be used for qualified expenses at K-12 schools, colleges, universities, community colleges, technical schools, and apprenticeship programs nationwide
Legislative Description
Designating May 29, 2025, as "College and Career Savings Day" in Pennsylvania.
Last Action
Referred to Rules & Executive Nominations
5/30/2025