Beginning in 2019, the Pennsylvania Treasury Department is investing $100 for every baby born or adopted to be used for the baby’s future higher education expenses through the new program, Keystone Scholars.
To encourage families to plan early for their child’s future education, Keystone Scholars will provide $100 to all babies born or adopted in Pennsylvania starting in 2019, making Keystone Scholars the largest program of its type in the nation. The $100 will be invested by the PA Treasury Department and will grow through the years right alongside their child. The Keystone Scholars account can be used for qualified expenses when the child pursues education after high school. These expenses include tuition, fees, books, and more at vocational and technical schools, community colleges, two-year colleges, and four-year colleges.
To maximize education savings, parents can open an individual PA 529 College and Career Savings Program account and link it to their Keystone Scholars account online to see all of their education savings in one place. Read more.