A Unique College Savings Solution for Your Clients
Why Private College 529 Plan
For the graduating class of 2019, roughly 69% of students took out loans, graduating with an average debt of $29,900. Collectively, Americans owe over $1.71 trillion in student loan debt, spread out among 44M borrowers, including parents and grandparents.
For almost 20 years, Private College 529 Plan has been helping families save for college and minimize debt. Our unique prepaid tuition plan allows your clients to lock in the current rate of tuition and fees at nearly 300 private colleges nationwide.
If you are looking for a college savings solution that helps your clients plan for a private higher education while minimizing market risk, we encourage you to learn more about our savings solution.
How the Plan Works for Your Clients
Open an Account
Your client opens an account, assigns a beneficiary and makes contributions. These contributions purchase college tuition and mandatory fees in the form of Tuition Certificates, redeemable at any current or future member school.
Save Tuition & Cost
Contributions made between July 1 and June 30 lock in that year’s tuition and fee rates at each member school. Rates change on July 1.
Redeem For School
Upon enrollment at a member school, your client redeems a Tuition Certificate for that semester, potentially saving thousands of dollars depending on the length of saving and tuition rate increases.
Our President, Bob Cole, with a Deep Dive into the Plan.
5 Reasons to Save with Private College 529 Plan
1. Guaranteed by Participating Colleges and Universities
2. Protect Your Clients' Assets from Tuition Increases
3. Tax-Advantaged Saving Opportunity
4. Flexibility Inside and Outside the Plan Network
5. Estate-Planning Considerations
Let’s stay connected.