Pennsylvania has decided to eliminate surcharges on the purchase of tuition credits through its Guaranteed Savings Plan, the larger of two 529 college savings schemes in the state. The move, according to Karen Walsh, senior adviser to State Treasurer Robert Casey Jr., comes after the state felt the fund no longer faced a deficit, thanks to higher returns on investments and smaller tuition increases. “We’ve reached the point, where we’re making money on every new dollar invested rather than losing money,” Welsh said in a Wall Street Journal interview. The elimination of the fee will save investors between 1.8% and 12.6% on the amount they put into the funds. Families will still have to pay the enrollment fee of $10 to $50, and a $25 annual fee. According to the Journal, Pennsylvania is banking on the fact that the fee-free plans will make it more competitive among state 529 schemes.