Keystone Scholars – pilot in DelCo

Posted by PA Department of Treasury on April 16, 2018

On February 26, 2018, Treasurer Joe Torsella announced the launch of Keystone Scholars, a seed investment in the next generation of Pennsylvanians.

Treasury’s Keystone Scholars program will provide all newborns born in 2018 and 2019 in six Pennsylvania counties – Delaware, Elk, Indiana, Luzerne, Mifflin, Westmoreland – with $100 invested for their higher education. Parents can claim online (http://www.pa529.com/keystone) or by phone before their child’s first birthday.

A baby with higher education savings at birth is three times more likely to enroll in education or training after high school and four times more likely to graduate.

The $100 will be invested by the PA Treasury Department and will grow through the years right alongside your child. Keystone Scholars funds can be used for qualified expenses when children pursue higher education. Eligible expenses include tuition, fees, books, and more through vocational or career technical education, community college, two-year college, four-year college, and more. Keystone Scholars funding can be used up until a child turns 29 so they have plenty of time to plan their path forward.