With Private College 529 Plan, you can prepay and lock in tuition at today’s prices, protecting you against future tuition increases. Your prepaid tuition is guaranteed to keep pace with rising costs, which could save your family thousands of dollars by senior year of college. Like all 529 plans, your savings grow tax-free, and you have options if your child's college plans change.
Prepaid tuition must be held for 36 months before it can be used, so acting now ensures your child can benefit senior year of college.
Here's How You Save:
Let’s say tuition at your child’s college costs $50,000 per year today.
✅ Example 1: You have a $10,000 gap in tuition after financial aid. By contributing that amount to Private College 529 Plan, you lock in 20% of today’s $50,000 tuition.
By senior year, tuition rises to $56,243, but your prepaid 20% now covers $11,249 — giving you $1,249 in tax-free savings. It's like a built-in scholarship for the final bill! |