Georgia – For Georgia families trying to build an education fund, the ceiling has just moved much higher. A Path2College 529 account can now hold more than twice as much as before, giving parents and other savers far more room to prepare for tuition, training and other qualified costs.
At the same time, the state has removed an administrative charge, making an already tax-advantaged program even less expensive to use. Together, the changes reshape Georgia’s official college savings plan around one clear goal: allowing families to keep more of their money working for education.
Governor Brian P. Kemp highlighted the improvements after they took effect. Senate Bill 556, which he signed in May, increased the maximum account balance for each Path2College 529 account from $235,000 to $550,000. The Georgia Higher Education Savings Plan Board also approved a waiver of the state administrative fee.
State officials say that fee waiver makes Path2College 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,” Kemp said.
“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.”
The higher limit gives families an additional $315,000 in potential account capacity. That may matter to people saving over many years, particularly those preparing for several stages of education or considering programs beyond a traditional four-year degree.
Path2College funds are not limited to conventional colleges. Qualified withdrawals may be used for technical colleges, certain apprenticeship programs, K-12 tuition, undergraduate and postgraduate education, vocational training and qualified education loan repayment. Savings can be used at accredited institutions across the United States and at some schools abroad.
Read also: Two public meetings open debate over North Point’s potential transformation
Steve McCoy, Georgia’s state treasurer, said the two changes strengthen the plan’s long-term value. His office administers Path2College.
“These important changes will allow Georgia families to save more for education while benefiting from the most affordable 529 plan in the country,” McCoy said.
“By increasing the account balance limit and waiving the state administrative fee, we are reinforcing our commitment to helping families meet their long term education goals.”
The plan also carries state tax benefits. Georgia taxpayers filing a joint return may deduct contributions of up to $8,000 each year for every beneficiary. Single filers may deduct up to $4,000 per beneficiary. Money in an account can grow tax-deferred, and withdrawals are tax-free when used for qualified education expenses.
Accounts can be opened for a child, another loved one or the account holder. The minimum amount needed to begin is $25, and participants can choose among investment options designed for different timelines and levels of risk.
Oversight comes from the Georgia Higher Education Savings Plan Board, which has emphasized accessibility, low costs and long-term value. In 2025, Morningstar recognized the board for showing “a strong commitment to serving education savers” and for “exceptional leadership.”
The changes arrive as education costs remain a long-range concern for many households, but Georgia officials are presenting the expanded limit and eliminated fee as practical tools rather than promises. Families still decide how much to contribute and how to invest, yet the plan now gives them more space to save and lowers the cost of doing so.
More details, including enrollment information, are available through the Path2College 529 Plan website or by calling (877) 424-4377.
