![\"\"](\"https:\/\/pennwatch.org\/wp-content\/uploads\/2023\/01\/01-24-Thaddeus-Stevens-1.jpg\" "\\"01-24-Thaddeus-Stevens")
<\/a><\/div>\n<\/div>\nTreasurer Stacy Garrity and Rep. Ismail Smith-Wade-El visited Thaddeus Stevens College of Technology to promote Treasury\u2019s PA 529 College and Career Savings Program<\/a>. The tour was led by College President Pedro Rivera. They were joined by a representative from the office of Sen. Scott Martin.<\/p>\n The PA 529 program offers tax benefits for families who open accounts to save for postsecondary education, including the diverse education and training offered at Thaddeus Stevens College of Technology.<\/p>\n \u201cIt gives me great hope for the future of Pennsylvania to see the students at Thaddeus Stevens College of Technology learning the skills needed for an ever-changing workforce,\u201d Treasurer Garrity said. \u201cIt\u2019s an impressive campus with talented educators and dedicated students. Pennsylvania needs skilled workers, and those workers need education and training. Treasury\u2019s PA 529 program is a tremendous tool to help families save for technical training, apprenticeship programs and two- and four-year degrees, to ensure our next generation isn\u2019t burdened by debt when they enter the workforce.\u201d<\/p>\n \u201cThe rising cost of higher education hinders the financial security of college graduates,\u201d said President Rivera. \u201cIt is part of our mission to remove barriers to accessing higher education. Because of the investment in our college by the General Assembly and the Governor, we\u2019re able to offer an affordable higher education option. However, it remains important that as parents and caregivers, we start to save for college as early in our children\u2019s lives as possible. The PA 529 program offers a way for even a very small investment to help a student graduate without the burden of student loan debt.\u201d<\/p>\n \u201cThaddeus Stevens College of Technology has been a mainstay in the Lancaster County community for generations, and the educators and staff do an amazing job of preparing students to meet the growing needs of today\u2019s workforce,\u201d Sen. Martin said. \u201cI appreciate Treasurer Garrity visiting our area once again to learn more about how the school helps local people build the necessary skills to transition into family-sustaining jobs.\u201d<\/p>\n \u201cA thriving Pennsylvania requires that we all contribute to the success of the next generation. Two-year schools like Thaddeus Stevens College provide students with the diverse skills required to thrive professionally in today\u2019s competitive market,\u201d Rep. Smith-Wade-El said. \u201cBut education costs money and that\u2019s why I stress parents should take advantage of PA 529 plans to help them save and pay for the training their children will need to succeed. PA 529 plans are investments in your children\u2019s future success, and in the success of Pennsylvania\u2019s communities as a whole.\u201d<\/p>\n The PA 529 College and Career Savings Program has been helping families save and pay for higher education for thirty years. In 2019, the Keystone Scholars program was launched, providing all PA newborns with $100 for future education in order to kickstart their family\u2019s own PA 529 savings. In fiscal year 2020-21\u00a0more families than ever before<\/a>\u00a0opened PA 529 accounts, saving the most money in one year.<\/p>\n Families can choose between two plans, the\u00a0PA 529 Investment Plan (IP)<\/a>\u00a0or the\u00a0PA 529 Guaranteed Savings Plan (GSP)<\/a>. PA 529 IP account earnings are based on market performance. IP account owners can choose from various options including\u00a0target enrollment date portfolios<\/a>\u00a0that shift investments automatically as a child approaches an anticipated enrollment date. PA 529 GSP account earnings are tied directly to college tuition inflation and allow families to save at a\u00a0designated credit rate<\/a>\u00a0at today\u2019s prices to cover future tuition prices.<\/p>\n PA 529 accounts can be used to pay for qualified postsecondary education expenses, including tuition, fees, equipment, books, room and board, and more. Accounts can be used at most schools nationwide including community colleges, technical schools, apprenticeship programs and four-year colleges and universities.<\/p>\n Treasurer Stacy Garrity and Rep. Ismail Smith-Wade-El visited Thaddeus Stevens College of Technology to promote Treasury\u2019s PA 529 College and Career Savings Program. The tour was led by College President Pedro Rivera. They were joined by a representative from the office of Sen. Scott Martin. 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