November 9, 2022

Savings Programs Now Available for Pennsylvania Families with Young Children

Pennsylvania has two resources available to families with young children who want to save for future expenses.

Keystone Scholars – College and Career Savings Program

PA 529 offers Keystone Scholars, an investment fund created to ensure Pennsylvania babies have a bright future, and to help families get a jumpstart on post-secondary education savings for their child. Keystone Scholars provides $100 to families for every baby born to a PA family on or after January 1, 2019. Funds to families can be used for a child’s future post-secondary education expenses.

For more information, visit the Keystone Scholars website.


PA ABLE Savings Program

The Pennsylvania ABLE Savings Program (PA ABLE) is a new, low-cost savings account that gives people with disabilities and their families a tax-free way to save for disability-related expenses while maintaining government benefits. Federal and state law authorized the creation of PA ABLE accounts.

For more information, visit the PA ABLE website.