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Private College 529 Plan


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

Summary
Formerly known as Independent 529 Plan, the Private College 529 Plan is the only private-college-run 529 plan in the country, this prepayment program allows families to lock in tuition at any of its 270-plus participating private colleges.

Program Details
Summary: Formerly known as Independent 529 Plan, the Private College 529 Plan is the only private-college-run 529 plan in the country, this prepayment program allows families to lock in tuition at any of its 270-plus participating private colleges.
Program type: Institutional prepaid contract
Enrollment period: Open year-round
State residency requirements: None
Contract prices: Ranges from a minimum of $25 to as much as the cost of five years of undergraduate tuition and mandatory fees at the highest-cost participating institution ($231,350 for the 2012-13 year). An automatic contribution plan is available.
Are program benefits backed by the full faith and credit of the state? N/A, not a state-sponsored program; however, each participating institution makes a binding commitment to accept Tuition Certificates in payment of tuition and mandatory fees. Payments received by the program are pooled in a trust fund with investments managed by OFI Private Investments, Inc.
Are program benefits collateralized or guaranteed in any other way? No
State tax deduction or credit for contributions: Not applicable.
Web site: Click here to visit
Telephone: 1-888-718-7878
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