Dear Friends:

I am delighted to introduce you to the nowU Pennsylvania 529 College Savings Program (nowU). Sponsored by the Commonwealth of Pennsylvania and administered by the Pennsylvania Treasury Department, nowU is designed to help Pennsylvania families save for college.

Formerly known as the TAP 529 Pennsylvania Tuition Account Program, nowU offers two 529 college savings plans: The Pennsylvania 529 Guaranteed Savings Plan and the Pennsylvania 529 Investment Plan.

Each plan is designed to help your money grow to meet the future costs of education. Both plans offer unique tax advantages, such as a deduction of up to $12,000 annually in contributions from your Pennsylvania taxable income* and tax-free earnings growth when used for qualified higher education expenses.**

We're excited about the program's new look and feel and have added components to make it even simpler to make college possible using this program, no matter your financial status. One of the enhancements to the program is our partnership with Upromise Rewards®, a loyalty marketing service that can help you set aside even more money for college through your everyday purchases. Look for the Upromise logo at supermarkets, gas stations, restaurants and other locations.

Growing up in a family with seven children, I saw how challenging it was for my parents to save for their children's college education. Every day, I appreciate their planning and diligence and apply these lessons as I save for my children's college education.

I encourage you to take a close look at all that nowU has to offer. Once you do, I'm confident you'll find that it's the best way to save for college. So let's get started!

Sincerely,

Robin L. Wiessmann
Treasurer

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* The maximum annual state income tax deduction is $12,000 per Pennsylvania taxpayer per beneficiary and $24,000 for married couples filing jointly provided that each spouse has taxable income of $12,000.

** A withdrawal or a portion of a withdrawal not used to pay for qualified expenses may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.