Gov. Brian Kemp says Georgia is making it easier for parents to save for their child's college tuition through two major enhancements to Georgia's Path2College 529 Plan. Kemp signed Senate Bill 556 into law in May -- which raises the maximum account balance for Path2College 529 Plan accounts from $235,000 to $550,000. Also, the Georgia Higher Education Savings Plan (GHESP) Board has approved a waiver of the state administrative fee which reduces costs for account holders and makes this plan the lowest-cost college savings plan in the nation.
“Our state is one of the best in the nation for both quality of higher education and affordability and raising the 529 Plan limit helps ensure that remains so well into the future,” said Kemp. “By making it even easier for parents to save for their child's college tuition, we're strengthening the future of our state and its economy.”
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