Radio Media Advisory
December 22, 2015
The Gift oF Education: Turning Holiday Spending Into College Savings
PA Treasurer Talks About Saving for college in a short, taped interview available to radio stations to air during the holiday season
Harrisburg – In a taped interview available to Pennsylvania radio stations, State Treasurer Timothy Reese tells listeners about the importance of saving for college and reminds families that a Pennsylvania 529 college savings account is the gift that won’t go out of style.
Treasurer Reese also talks about the advantages in the last few days of the year to enroll for free -- families will save $50 -- and that it is never too late to start saving for college. He also answers a much-asked question: whether the savings plan can be used for trade or technical schools along with colleges.
This is important information for every family grappling with how to pay for college to hear. The file of the interview is attached below.
Saving for college is critical. For the 2014-15 academic year, the average cost of tuition in Pennsylvania’s 212 public, community and private colleges was $20,000.
Pennsylvania has the fifth highest tuition costs in the country, according to the CollegeCalc’s website. And Pennsylvania students face an average loan debt of $33,264, the third highest loan debt in the country. Nationwide, the average loan debt is $28,950, according to The Institute for College Access and Success.
As the cost of college continues to climb, there has never been a better time to start saving or to increase contributions to an existing account.
For additional information please call Jeanette Krebs at 717.214.2200 or email@example.com.
PINS Treasury PA 529 Audio Release
The Pennsylvania Treasury is an independent department of state government led by the state treasurer, who is elected every four years. The department's primary duty is to safeguard and manage the state's public funds. It invests state money to generate income on behalf of the citizens of Pennsylvania, reviews and processes payments for state government agencies, and serves as custodian of more than $100 billion in state funds. Key Treasury programs include Unclaimed Property, PA 529 College Savings Program and the Board of Finance and Revenue.
To learn more visit patreasury.gov. The Pennsylvania 529 College Savings Program sponsors two plans – the PA 529 Guaranteed Savings Plan (GSP) and the PA 529 Investment Plan (IP). The guarantee of the PA 529 Guaranteed Savings Plan is an obligation of the GSP Fund, not the Commonwealth of Pennsylvania or any state agency. Before investing in either plan, please carefully read that plan’s disclosure statement (available at www.PA529.com or by calling (800)440-4000) to learn more about that plan including investment objectives, risks, fees and tax implications.