News & Press Releases
Georgia’s Path2College 529 Plan Celebrates 250,000 Accounts
Reaching milestones is a cause for celebration, and the state of Georgia’s college savings plan, Path2College, has achieved record growth in recent years, and last year was no exception. Over the last 12 months, the plan saw a 41.5 percent increase in contributions, as well as a 9 percent increase in new accounts opened.
“Education is a vital building block to help our children achieve success and we are proud to offer Georgia families a way to help save for continued education,” said Georgia Governor Brian Kemp. “Today, we applaud an important achievement as the plan reached 250,000 account owners, but more importantly, we are celebrating that with every account opened, more Georgia children have a financial plan to help them achieve their goals.”
As of May 31, 2021, there is more than $4.4 billion saved in the Path2College 529 Plan and $1.3 billion has already been used to pay for education-related expenses.
For more information about the Path2College 529 Plan or to open a college savings account, please visit www.Path2College529.com or call (877) 424-4377.
To learn more about the Path2College 529 Plan, its investment objectives, tax benefits, risks, and costs please see the Plan Description at path2college529.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. Check with your home state to learn if it offers tax or other benefits such as financial aid, scholarship funds or protection from creditors only available for investing in its own 529 plan. Consult your legal or tax professional for tax advice. If the funds aren’t used for qualified higher education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply.
TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for the Path2College 529 Plan.