Treasurer Stacy Garrity Celebrates America Saves Week with Savings Programs Webinars
Pennsylvanians encouraged to save with Treasury’s PA 529 & PA ABLE programs
Harrisburg, PA - Treasurer Stacy Garrity today kicked-off America Saves Week by encouraging Pennsylvanians to learn more about Treasury’s great savings programs, including the PA 529 College and Career Savings Program and the PA ABLE Savings Program, by attending informational webinars, including a partnership with Pennsylvania Higher Education Assistance Agency (PHEAA) covering financial aid opportunities for families.
America Saves Week runs April 7 through April 11 and is an annual event to promote saving strategies for families to protect their money, reduce debt and build wealth.
“Treasury’s great saving programs are powerful tools to help Pennsylvanians reach their financial goals and America Saves Week is the perfect time to get the word out about them. Treasury jumpstarts education savings with Keystone Scholars and offers PA 529 accounts for education savings and PA ABLE accounts for disability savings. I’m excited to share these great webinars and to partner with PHEAA to help families learn about the resources available to them.”
Pennsylvania State Treasurer Stacy Garrity
America Saves Week webinars include:
Monday, April 7, at 12:00 p.m. – Overview of the PA 529 College and Career Savings Program. Register here.
- Discover how PA 529 College and Career Savings Program accounts can help PA families steadily and strategically save for future educational expenses.
Wednesday, April 9, at 12:00 p.m. – Overview of the PA ABLE Savings Program. Register here.
- Join us to learn about the PA ABLE Savings Program (PA ABLE). PA ABLE gives individuals with qualified disabilities a tax-free way to save for a wide range of disability-related expenses while maintaining important benefits.
Friday, April 11, at 12:00 p.m. – Get a Jump Start on Understanding Higher Education Costs and Financial Aid. Register here.
- Join our partners from PHEAA for its Jump Start Financial Aid presentation, which provides an early understanding of the financial decisions families and students need to make concerning higher education. Early planning for higher education helps to ensure that higher education is affordable. Hear more about:
- College and career school costs
- The types of financial aid available
- How to apply for financial aid
The PA 529 College and Career Savings Program helps families steadily and strategically save for future education expenses. Treasury offers two plans; the PA 529 Guaranteed Savings Plan, which allows families to save at today’s tuition rates to meet tomorrow’s tuition costs, and the Morningstar Gold-Rated PA 529 Investment Plan that offers a number of investment options. Both plans offer significant state and federal tax advantages and can be used for a wide variety of qualifying technical, collegiate, apprenticeship and certain K-12 educational expenses.
Keystone Scholars jumpstarts educational savings by providing a $100 investment for every child born to a Pennsylvania family on or after January 1, 2019. The program uses no taxpayer money, and the funds are invested by Treasury to grow as the child grows. The funds can be used after a child’s 18th birthday for a wide variety of post-high school educational expenses.
PA ABLE is a tax-free way for Pennsylvanians to save for disability-related expenses while maintaining government disability benefits. PA ABLE allows for up to $19,000 in savings annually, and up to $100,000 total without impacting important benefits like Supplemental Security Income (SSI) and Medicaid. Funds are easy to access and may be used for a wide range of expenses.
To learn more about all of Treasury’s Consumer Programs, visit patreasury.gov/consumer.
