529 plans help families save for education. The name "529" refers to Section 529 of the IRS tax code, which gives these plans special tax breaks to encourage saving. There's no doubt your children or grandchildren will benefit from education. Saving for education is an investment in their future.
Easy to set up and easy to use. You can use a 529 plan to pay for qualified higher education expenses at most colleges and universities, and many technical and career schools as well as certain expenses for a registered apprenticeship program. You may also use your PA 529 account for repayment of principle and interest on a qualified education loan for a PA 529 beneficiary or sibling not to exceed $10,000. There are no income limits, and anyone can contribute. Grandparents, aunts, uncles and family friends can all help your student pay for education.