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Treasury urges law changes to tailor PA 529 GSP investments as families use accounts for K–12 tuition
Summary
Treasury told the committee that outreach and a TAP Act change are needed so Pennsylvania’s Guaranteed Savings Plan (GSP) can be invested for shorter horizons as families use 529 funds for K–12 tuition and other non‑four‑year expenses.
Pennsylvania’s Treasurer told the House Appropriations Committee that 529 college‑savings accounts are being used more broadly—by families to pay for community college, technical training, apprenticeships and K–12 tuition—and that state law should allow investments and actuarial assumptions to reflect shorter time horizons.
"I myself go to all 67 counties every single year, and I talk about PA 529 everywhere I go... it's for trade schools, technical schools, qualified apprenticeships, k through 12 tuition. So it's…
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