“Virginia529 College Savings Plan is your resource for Virginia’s tax–advantaged college savings programs. At Virginia529 we strive to make a college education more affordable for everyone. With four programs, we offer more options to more people.”

The prePAID program allows families to prepay future tuition and mandatory fees at Virginia public colleges or universities. Benefits are not limited to schools in Virginia, but the prePAID payouts are different based on the type of school attended – Virginia public, Virginia private or out of state – and may not cover the full cost of tuition and mandatory fees at Virginia private colleges or out of–state colleges.

Accounts may be opened during a limited enrollment period each year and either the account owner or beneficiary must be a Virginia resident at the time the account is opened. Virginia529’s other programs are open year round with no state residency or beneficiary age restrictions. Account owners in a Virginia529 savings program may roll their investment into a prePAID contract during open enrollment if other eligibility requirements are met.

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