News

Treasury cuts fees in Pennsylvania's college-savings program

Written by The Associated Press | Feb 15, 2018 6:02 PM
cash_bills.jpg


(Harrisburg) -- The Pennsylvania Treasury Department is cutting fees for its state-sponsored program to help families save for college.

Democratic state Treasurer Joe Torsella said Thursday that asset-based fees for its PA 529 Investment Plan account will drop, saving account holders about $17 million over five years.

The agency says lower costs are a result of renegotiated deals with the companies that keep records and handle investments for the program, Ascensus and Vanguard.

The state's two PA 529 programs together include about $4.6 billion in savings for current and future students in technical or career schools and colleges.

Tagged under , , ,

back to top

Give Now

Estate Planning

Support for WITF is provided by:

Become a WITF sponsor today »

Smart Talk

National Edward R. Murrow Awards

DuPont Columbia Awards

Support Local Journalism

Latest News from NPR

Support for WITF is provided by:

Become a WITF sponsor today »