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PA Treasurer Polls Parents On College Savings

dollarPennsylvania Treasurer Rob Mc Cord says a recent parents’ poll commissioned by his office found that all of the parents polled expect their children to have some kind of post-secondary education, but one in four had not saved any money to pay the tuition. He says his office has two guaranteed plans that give parents big tax breaks on money they save for their children’s education, and that’s not all.

“You get huge earnings advantages by using a 529 program as opposed to just putting it into savings’ bonds or a savings account.  You can get an absolute guarantee against tuition inflation, which is what the Guaranteed Savings Plan provides.  We had a 118 percent tuition inflation over a decade at Penn State, but those who bought those tuition credits a decade in advance through Pennsylvania’s Guaranteed Savings Plan got that decade-old price, so they got a heck of a return on their investment.”

McCord Says the Pennsylvania 529 Guaranteed Savings Plan is tied to the rate of tuition inflation, so if you have an eight-year-old child and you start saving now through the plan, the rate you will pay when the child is 18 is today’s rate, not the rate ten years from now.  For more information, go to www.pa529.com on the internet.
Travis Wetzel Would love to perform on Echos of an Era again ! The Travis Wetzel Duo is doing a music program at The Lansdale Train Station Sept. 17th 12noon-1:15pm Please spread the word Travis Wetzel Music
WNPV AM 1440 Have you caught Jeff Nolan's high school football previews in the morning? WNPV's high school football schedule begins this Friday night when LaSalle College comes to North Penn starting at 7:30 PM.
WNPV AM 1440 Do you have legal questions? Jot them down and then call WNPV tomorrow between 11:10 and noon when Liam Duffy and Andy Levin from Rubin, Glickman, Steinberg and Gifford will provide free legal answers on "Legally Speaking" right here on 1440 AM! Call 215-855-8211 or 800-355-9678 between 11:10 and 12 noon tomorrow.

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