The Pennsylvania Treasury is celebrating 529 Day with a contest that gives families a chance to win $5,529 towards their child's future education expenses. The contest is open to new PA 529 Guaranteed Savings Plan (GSP) accounts opened between May 1 and May 31, 2024, with a minimum contribution of $10. The PA 529 GSP is a program designed to help families save for college and career education. It can be used at any eligible college or technical school.
In addition to the grand prize, there are six secondary/regional prizes of $2,529 for those who open new accounts. The contest is open to legal residents of the United States, and the beneficiary must be a Pennsylvania resident. New account holders have until 11:59 p.m. on May 31 to create their account and deposit at least $10 to be considered in the contest.
"I’m excited to celebrate 529 Day and very pleased that the General Assembly is supporting our efforts by proclaiming this as College and Career Savings Day,” said Treasurer Stacy Garrity. “Saving for education is an important step families can take to help make their child’s dreams come true, no matter what career path they take. Treasury is offering some fantastic promotional awards to encourage more families to take advantage of our PA 529 Guaranteed Savings Plan, which is a great savings tool. Saving now, means less to borrow when a child embarks on their technical career training, apprenticeship or college degree.