HARRISBURG, Pa. (AP) — Pennsylvania’s treasurer is starting up a program that could eventually provide educational grants for all children born in this state, beginning with $100 to get it started when they are born.
Democratic Treasurer Joe Torsella said Monday the Keystone Scholars program is underway with pre-registration open in a six-county demonstration area.
He’s hoping for legislation to set it up statewide. He says the $14 million annual cost can be paid with donations and surplus in the state’s existing college savings program.
Investment income earned in the program would be available for a range of post-high-school education needs until the child reaches age 29.
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At first, it’ll be open to children born or adopted this year and next to families living in Delaware, Elk, Indiana, Luzerne, Mifflin and Westmoreland counties.