Did you know the Keystone Scholars program is up, running, and giving away free money for higher education? The Keystone Scholars program launched Jan. 2019 and guarantees that every newborn and baby adopted after Dec. 31, 2018, will get $100 to start their college savings once enrolled in the program.
All parents have to do is open an account here, and then wait for a letter from the PA Treasury with instructions on completing the online process.
Studies show that a baby with higher education savings from birth makes them three times more likely to enroll in education or training after high school and four times more likely to graduate.
By saving $25 a month, parents will have saved $10,000 by the time the child turns 18. These funds can be used for any qualified higher education expense at an approved institution of higher education, including trade schools, vocational programs, community colleges, and universities in or outside Pennsylvania.
Program sets up Pa. children with seed money to start saving for college
Jan Murphy | PennLive | June 26, 2018
“I supported the Keystone Scholars program from the beginning because I believe in the power of education and the opportunities it provides,” Hughes said.