New Visitors Privacy Policy Sponsorship Contact Us Media
Baby Boomers Family Green Home and Auto In Critical Condition Just Starting Out Lifestyle Money
- advertisement -
News & Advice Compare Rates Calculators
Rate Alerts  |  Glossary  |  Help
Mortgage Home
Auto CDs &
Retirement Checking &
Taxes Personal


Virginia529 prePAID

5 Cap Ratings
(Resident Rating) (Non-Resident Rating)

Virginia529 prePAID offers a variety of tuition packages to Virginia families.

Program Details
Summary: Virginia529 prePAID offers a variety of tuition packages to Virginia families.
Program type: Prepaid contract
Enrollment period: December 1, 2014 through March 31, 2015.
State residency requirements: The account owner, beneficiary, or parent of a non-resident beneficiary at the time of program enrollment must be a Virginia resident or member of the U.S. military who is either stationed in Virginia or who claims Virginia as home of record .
Contract prices: In the 2014-15 enrollment, contracts are available in semester increments priced at two levels. Tier I prices range from $7,500 for a 5th to 9th grader to $8,100 for newborn - age 4/5. The Tier II price is $3,100 for newborn to 9th grade.
Are program benefits backed by the full faith and credit of the state? No
Are program benefits collateralized or guaranteed in any other way? Yes, state legislation currently provides a financial guarantee in each year's state budget to cover VPEP's contractual obligations in the event of a funding shortfall. This provision can only be changed by the Virginia General Assembly, subject to the Governor's veto, and the General Assembly's ability to override a veto.
State tax deduction or credit for contributions: Contributions to a Virginia 529 plan of up to $4,000 per account per year are deductible in computing Virginia taxable income, with an unlimited carryforward of excess contributions. Contributions are fully deductible in the year of contribution for taxpayers at least 70 years of age. Contributions from a non-owner are deductible by the account owner and not by the non-owner/contributor. Contribution deadline is receipt (not postmark date) by the last business day of the year based on agency calendar.
Web site: Click here to visit
Telephone: 1-888-567-0540
Twitter Click here to visit
Facebook Click here to visit
Compare more 529 plans



Powered by
Copyright 2005, LLC. All Rights Reserved.
Bankrate disclaimer: The following disclaimer (revised only to the extent necessary to maintain consistent defined terms with’s Terms of Use) shall be displayed on or be accessible from the web pages(s) featuring Company’s Web Site Content: “The information contained in this material and related materials ("Information") is based on information from sources believed to be accurate and reliable and every reasonable effort has been made to make the Information as complete and accurate as possible but such completeness and accuracy cannot and is not guaranteed. The reader and user of the Information should use the Information as a general guide and not as the ultimate source of information. The Information is not intended to include every possible bit of information regarding the Information but rather to complement and supplement information otherwise available and the reader and user should use the Information accordingly. The Information contains information about tax and other laws and these laws may change. The reader and user should realize that any investment involves risk and the assumptions and projections used in the Information may not be how the investments turn out. The reader and user should consult with their own tax, financial and legal advisors about all of the Information.”
College Financing
Compare today's rates
Stafford - in school 4.66%
PLUS loan 7.21%
Private loan 7.67%

  College planning  
  Tax-free savings  
  Financial aid  
  Home equity loan  

College Financing Basics
Where there's a will, there's a way to pay.
The value of a degree
What is a 529 plan?
Getting more financial aid
Paying off student loans
- advertisement -

About Bankrate | Privacy Policy/Your California Privacy Rights | Online Media Kit | Partnerships | Investor Relations | Press Room | Contact Us | Sitemap
NYSE: RATE | RSS Feeds |

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here. ®, Copyright © 2015 Bankrate, Inc., All Rights Reserved, Terms of Use.