Pennyslvania 529 Plans
Pennsylvania offers two 529 college savings plans, a direct plan called the Pennsylvania Direct Plan, and a
pre-paid tuition plan called the Pennsylvania Guaranteed Savings Plan. Hereare the details on PA 529 plans.
Pennsylvania PA 529 Investment Plan
Pennsylvania Direct Plan is a traditional 529 plan that allows you to invest money today and reap tax benefits
when you withdraw it to pay for qualified education expenses.
Type: Direct – this 529 plan can be purchased directly from the state.
Fund Family: The Vanguard Group®
Minimums: The minimum initial or subsequent contributions are $25.
Maximum Contributions: Currently, you can contribute until your combined balances reach
$368,600 in your Pennsylvania 529 plans. Of course, your total amount in the plan can be higher as your
investments group. 529 plans typically increase the contribution limit over time, so you may be able to
Tax Benefits: Good news for Pennsylvania residents - by investing in your PA 529
plan, you can deduct up to $14,000 on your state income taxes for single filer and $28,000 for married filers
per beneficiary. You also get federal income tax benefits as you do not pay income tax on your
earnings. Out-of-state participants still get the federal tax benefits.
Other Benefits: Through your Pennsylvania Direct Plan, you have the option to be a part of a
reward program set up by Upromise®. By making purchases with your card, the reward program offers a
percentage of purchases that convert into rewards points, and ultimately convert into account contributions.
Also, if either the account owner or beneficiary was a Pennsylvania resident at the time of opening, these eligible
accounts can earn tuition discounts through the SAGE Scholar’s Program that your Beneficiary may use if he or she
attends one of the more than 190 private colleges nationwide.
Residency: Pennsylvania Direct Plan is open to all United States residents, not just
those in Pennsylvania.
You can learn more about ’s 529 plan at the official website https://pa529invest.s.upromise.com/.
Pennsylvania Guaranteed Savings Plan
Pennsylvania also offers a pre-paid tuition plan that lets you lock in today's rates for college. It can
be used at any qualified institution of higher education, public or private, anywhere in the country.
However, private and out-of-state college expenses will be prorated and may not be fully covered.
For more information about Pennsylvania Guaranteed Savings Plan visit the official website.