A Resolution designating May 29, 2025, as "College and Career Savings Day" in Pennsylvania.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This resolution designates May 29, 2025, as "College and Career Savings Day" in Pennsylvania. The resolution highlights the benefits of the Pennsylvania 529 College and Career Savings Program, which offers tax advantages for saving for postsecondary education. It recognizes the program’s success, including its Morningstar Gold Rating and fee reductions, and the significant savings it provides to families across the state.
Key provisions
- Designates May 29, 2025, as "College and Career Savings Day" in Pennsylvania.
- Recognizes the Pennsylvania 529 College and Career Savings Program.
- Highlights the tax benefits of PA 529 accounts, including deductions and tax-free withdrawals.
- Acknowledges the program’s Morningstar Gold Rating and fee reductions.
- Notes the program’s impact on over 314,000 families saving for future education.
- States that PA 529 account assets do not affect state financial aid eligibility.
- Identifies eligible expenses for PA 529 savings, including tuition, fees, and books.
- Recognizes the Treasury Department’s responsibility to administer the program.
Who is affected
- Pennsylvania residents
- Families saving for postsecondary education
- Individuals seeking to reduce student loan debt
- Educational institutions (K-12, colleges, universities, etc.)
- The Pennsylvania Treasury Department
Bill text
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Document of record
- Version
- Pn 0852 Html
- Published
- Not published in the source record
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Sponsors
Official sponsors from legislative records.
9 on record
Primary sponsor
Lynda Schlegel Culver
Cosponsors
Arguments
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