Murt to Host a College Savings Information Night
3/21/2014
HARRISBURG—Rep. Thomas Murt (R-Montgomery/Philadelphia) will host a special informational meeting to outline the strategies and programs available to help parents save for their child’s college education. Attendees will receive tips on 529 plans, education tax breaks, student loans and more.

“The cost of attending a four-year, in-state college for a child born today will top more than $220,000 by the time they graduate,” Murt said. “The meeting will help their parents become better prepared to meet those costs.”

The meeting will take place on Wednesday, April 2, from 7-9 p.m., at the Upper Moreland Library Community Room, 109 Park Ave. in Willow Grove.

During the event, the Pennsylvania Institute of Certified Public Accountants will provide information about the state’s two PA 529 programs, the tax benefits of using these programs to save for a child’s higher education, and how those savings can affect a child’s financial aid.

“Parents will learn that it is critical to begin saving for college as soon as possible,” Murt said. “Time can be your strongest ally as your money can grow in a tax-advantaged PA 529.”

The name “529” refers to Section 529 of the IRS tax code, which gives these plans special tax breaks to encourage saving. The money can be used to pay for traditional colleges or universities, many technical and career schools, and/or qualified expenses. There are no income limits, and anyone can contribute to a 529 plan. With these plans, grandparents, aunts, uncles and family friends can all help pay for a student’s college education.

“I urge all parents to attend this event,” Murt said. “What they will learn will have a positive impact on their child’s future.”

For more information, please call Murt’s office at 215-674-3755.

Representative Thomas P. Murt
152nd District
Pennsylvania House of Representatives

Media Contact: David Foster
267.207.0207
dfoster@pahousegop.com  
RepMurt.com / Facebook.com/RepMurt
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