NEW WEB SITE FOR PENNSYLVANIA’S TAP PROGRAM

HARRISBURG, NOV. 28 – State Sen. Connie Williams announced a new interactive tool for parents and students enrolled in the state’s TAP 529 college savings programs.

“If you have, or are considering opening, a TAP 529 account, you may want to bookmark this site, which includes a handy calculator that will allow account owners to calculate projected values based on different variables,” Williams said. “The TAP 529 program is a great way to begin paying for college credits for the future at today’s tuition price.”

Under the TAP 529 Guaranteed Savings Plan (operated by the Pennsylvania Treasury since 1993), contributions made to accounts are expected to grow at a rate that keeps pace with tuition inflation at selected tuition levels, regardless of investment performance. Tuition levels vary depending on the types of school from which families choose to save – ranging from community colleges to Ivy League Schools.

Currently, there are over 50,000 account owners saving for more than 85,000 future college students.

Earlier this month, Moody’s Investor Service (one of the world’s most respected sources for credit ratings, research and risk analysis) gave Pennsylvania’s TAP 529 Guaranteed Savings Plan an A3 rating. This means the accounts are considered upper medium grade and are subject to low credit risk. Moody’s did not analyze Pennsylvania’s TAP 529 Investment Plan. The Investment Plan program allows money invested in TAP to grow based on market performance of investments.

To learn more about TAP, use the calculator, or keep current on the latest news and information on the program, visit www.TAPfacts.com.