Treasurer Garrity encourages more families to save with PA 529 Program
Bethlehem, PA - Treasurer Stacy Garrity and area legislators today visited Northampton Community College (NCC) to promote Treasury’s PA 529 College and Career Savings Program. They were joined by College President Dr. David Ruth and Vice President of Student Affairs & Enrollment Dr. Sedgwick Harris among other college faculty and administrators for a tour of the campus. The tour included the Lineworker Training facility in Hartzell Technology Hall. Treasurer Garrity also spoke with two students who utilize their PA 529 accounts to help fund their education at NCC.
“NCC does an outstanding job of preparing students for the workforce or giving them a leg up if they choose to continue their education,” Treasurer Garrity said. “PA 529 accounts are a great tool to help families save for and finance their child’s future education here at NCC or wherever they choose to pursue postsecondary studies. I’m proud of our PA 529 plans, and we’re constantly working to make them accessible to any family who wants to start saving.””
Pennsylvania State Treasurer, Stacy Garrity
NCC serves more than 20,000 credit and non-credit students, offering more than 100 areas of study with more than 142 specific degree, certificate and specialized diploma options. NCC also offers 4-year degrees in partnership with Bloomsburg University and East Stroudsburg University. NCC is the largest, most diverse college in the region and serves more than 1,000 high school students through dual enrollment programs.
“Northampton Community College has been committed to providing our students with affordable access to a top-quality college education for more than 50 years,” said Dr. David A. Ruth, president of Northampton Community College. “As one of the state’s most affordable colleges, we’re dedicated to educating students about opportunities to help finance their education through a variety of options including programs like Pennsylvania’s 529 plan.”
Dr. David A. Ruth, president of Northampton Community College.
Since taking office in 2021, Treasurer Garrity has lowered fees for PA 529 Investment Plan (IP) accounts and recently waived all asset-based fees for the current fiscal year, in addition to providing $100 deposits to qualifying PA 529 Guaranteed Savings Plan (GSP) account owners – using no taxpayer dollars. In May, Treasury provided nearly $40,000 in awards to eligible winners who opened a new PA 529 GSP accounts.
PA 529 accounts are designed to help Pennsylvania families steadily and strategically save for future educational expenses. The PA 529 GSP, allows you to save at today’s tuition rates to meet tomorrow’s tuition costs. The Morningstar Silver-Rated PA 529 IP offers a number of investment options.
Both PA 529 plans have significant state and federal tax advantages and can be used for a wide variety of qualifying technical, collegiate, apprenticeship and K-12 educational expenses at schools nationwide.
More than 276,000 PA 529 accounts are open, with over $6 billion saved for future education. Over the program’s more than 30 years, it has helped families pay for more than $5 billion in qualified higher education expenses.
Samantha Heckel, Press Secretary (Treasury), 717-418-0206 or firstname.lastname@example.org
Dr. Sedgwick Harris, Vice President of Student Affairs & Enrollment President (NCC), 269-274-2737 or email@example.com