Treasurer Garrity encourages more families to save with PA 529 Program
Schnecksville, PA - Treasurer Stacy Garrity and area legislators today visited Lehigh Carbon Community College (LCCC) to promote Treasury’s PA 529 College and Career Savings Program. They were greeted by College President Dr. Ann Bieber, Vice President of Enrollment Management Dr. Cindy Haney, Vice President of Academic Services and Student Development Larissa Verta and Executive Director of College Relations Linda Baker. Numerous administrators and faculty helped guide a tour of the campus which included visits to the Student Services Center, Nursing Suite, Makerspace, Amazon Training Center, Berrier Hall, the Community Services Center and the Library.
“With a wide array of technical and practical programs, LCCC is providing the education our next generation needs to fill the demand for highly skilled workers statewide,” Treasurer Garrity said. “Community colleges offer an affordable option for education and pairing that with the power of saving in a PA 529 plan, students have a great way to get the education they need without burdening themselves with debt. Our PA 529 plans are very flexible, and the funds can be used for expenses at many schools nationwide for technical training, apprenticeships and two and four-year degrees.”
Pennsylvania State Treasurer, Stacy Garrity
LCCC serves more than 9,700 credit and 4,100 non-credit students, offering 90 programs of study in business, education communication, computer science, technology, humanities, health care, science, engineering and math. The school offers two-year associate degrees, certificate and specialized diplomas and workforce training.
“Lehigh Carbon Community College was honored to host Treasurer Garrity to showcase the value and options the college offers to our students,” said LCCC President Dr. Bieber. “Providing affordable options for higher education is key to our mission, so we understand the importance of showcasing the PA 529 plan.”
LCCC President Dr. Bieber
Since taking office in 2021, Treasurer Garrity has lowered fees for PA 529 Investment Plan (IP) accounts and recently waived all asset-based fees for the current fiscal year in addition to providing $100 deposits to qualifying PA 529 Guaranteed Savings Plan (GSP) account owners – using no taxpayer dollars. In May, Treasury provided nearly $40,000 in awards to eligible winners who opened a new PA 529 GSP account to help families jumpstart savings.
Both PA 529 plans have significant state and federal tax advantages and can be used for a wide variety of qualifying technical, collegiate, apprenticeship and K-12 educational expenses.
More than 276,000 PA 529 accounts are open, with over $6 billion saved for future education. Over the program’s more than 30 years, it has helped families pay for more than $5 billion in qualified higher education expenses.