Enrollment for Virginia529’s Prepaid Tuition Program Closes March 31!
The deadline to enroll in Virginia’s prepaid college tuition program is fast approaching. With Virginia529 prePAID (prePAID), parents, grandparents and other loved ones can purchase defined benefit contracts, for newborn children through ninth graders. The prePAID program is designed to cover the normal full-time undergraduate tuition and fees assessed to all students at a Virginia public university.
“Our customers find that prePAID eliminates concerns about affording rising tuition and is an effective way to control the ultimate cost of higher education,” said Mary Morris, Virginia529 CEO.
Contract prices vary based on the age of the beneficiary and the type of contract. Although the deadline to enroll is next Tuesday, families have additional time to coordinate their finances as the first prePAID payment is not due until May 1, 2015.
Participants may pay for prePAID contracts in a lump sum or in installments as low as $26 per month. Explore the full array of contract and payment options using the prePAID calculator.
Benefits may be used at other public and private colleges across the country, but payouts will differ. A prePAID contract also is transferable to other family members if the original beneficiary does not need it. Review the prePAID Program Description, available at Virginia529.com, for complete details. Learn more and enroll online at Virginia529.com through March 31, 2015.
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