One-year-old Chesten McKoy of Philadelphia was one of the first babies whose parents accessed the $100 education savings account Pennsylvania now provides to every baby born to state residents. His parents, profiled on NBC Nightly News, explained how meaningful this is to them since together the college graduates have about $100,000 in student loan debt.
âI donât want him to go through that,â his mother, Halston, explained.
The McKoys received the $100 starter deposit through Pennsylvaniaâs Keystone Scholars program. The funds are invested by the Pennsylvania Treasury Department in a pooled PA 529 account. Children have until the age of 29 to use the money for tuition or other related expenses at a college, vocational or technical school.
The 2020 election established Montgomery County as a powerful Democratic stronghold in Pennsylvania
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Joe Biden s 2020 win shows Montgomery County is powerful Pa Democratic stronghold
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Pennsylvania treasurer calls for exploring pension bonds
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Pennsylvania state Treasurer Joe Torsella’s office has shut down its Twitter account. In a farewell message, the account, run by previously unnamed Treasury employees, said the account was an “experiment began as a direct result of [Torsella’s] vision to rebuild community and reconnect people with a government that is supposed to serve them.” Screenshot taken from Twitter “It’s been an experiment that we believe has been a success, and one we hope other government institutions follow,” the farewell message, posted around 8 p.m. Fri., Dec. 11, added. By 8 a.m. the next day, the account appeared to be deactivated.