Make College Possible - Pennsylvania's 529 College Savings Program


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Investment options

Choose from a lineup of 13 investment options—all managed by Vanguard—and manage your assets using one or more of the following:

Three age-based options that adjust your assets over time to more conservative allocations as your beneficiary nears college age.

Ten individual portfolios, including a socially responsible portfolio, that you can select from to build and manage your own asset allocation. Obtain portfolio prices and performance.

Make investing easier with age-based options
Simplify saving for college by selecting an investment option that automatically rebalances your asset mix. When you invest in any of the three age-based options, your assets will be invested according to the age of your account's beneficiary and your risk tolerance through a series of investment portfolios that gradually change over time.

For younger beneficiaries, your assets will be invested initially in portfolios that invest in funds with higher concentrations of stocks. As the beneficiary ages, the assets are automatically shifted to more conservative funds that invest in bonds and short-term reserves in an effort to reduce your exposure to risk and market fluctuations before you begin making withdrawals.

Age-based options
Age-based investment options

Note: Portfolios with higher allocations to bonds and short-term investments tend to be less volatile than those with higher stock allocations. Less volatile portfolios generally may not decline in value as much when markets decline, but also may not appreciate in value as much when markets go up.

Build your own college savings program
Create your own college savings program from ten individual portfolios, including a socially responsible portfolio. Unlike the age-based options, your allocation to individual portfolios will remain fixed until you make a change. As your beneficiary nears college age, you can progressively move your assets to more conservative investments to help preserve capital and minimize the effects of market fluctuations.

Individual portfolios

Multi-Fund Balanced Portfolios

Single-Fund Stock Portfolios

Bond and Short-Term Investment Portfolios

Note: Investments are subject to risk. Investments in bonds are subject to interest rate, credit, and inflation risk. Portfolios that concentrate on a relatively narrow market sector face the risk of higher share-price volatility. Foreign investing involves additional risks, including currency fluctuations and political uncertainty. See the Disclosure Statement for a fuller discription of investment risks.

The Conservative Income Portfolio's and Money Market Portfolio's investments in Vanguard Prime Money Market Fund are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of the investment at $1 per share, it is possible that the Portfolios may lose money by investing in the Fund.

The guarantee is that, when used for qualified higher education expenses, your contributions will grow at the rate of tuition inflation at a Tuition Level that you choose. If the applicable GSP Credit Rate at the time a contribution is made has a premium, however, your rate of growth will be lower than the actual rate of tuition inflation at your Tuition Level by approximately the rate of the premium. Premiums do not, however, alter the way in which the dollar value of your account is determined. When used for qualified higher education expenses, each GSP Credit will still have the full value of the actual per credit tuition cost. The guarantee is an obligation of the Pennsylvania GSP Fund only. The guarantee is not backed by the full faith and credit of the Commonwealth of Pennsylvania, and is not an obligation of the Commonwealth of Pennsylvania, the Pennsylvania Treasury Department, Upromise Investments, Inc., Upromise Investment Advisors, LLC, or any other party. The GSP is not insured by the Federal Deposit Insurance Corporation or any other government agency.

For more information about the Pennsylvania College Savings Program—529 Investment Plan, download a Disclosure Statement or request one by calling 800-440-4000. Investment objectives, risks, charges, expenses, and other important information are included in the Disclosure Statement; read and consider it carefully before investing. The Pennsylvania Treasury Department serves as Distributor and Underwriter. If you are not a Pennsylvania taxpayer, consider before investing whether your or the designated beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state’s qualified tuition program.