RICHMOND, VA--(Marketwired - March 24, 2016) - Parents and grandparents have one week left to enroll their loved ones in Virginia's prepaid college tuition program. The deadline for the current enrollment period is March 31, 2016. The program will be closed to new enrollments until the next enrollment period, which typically opens in December.
With Virginia529 prePAID (prePAID), families purchase semesters of tuition for newborn children through ninth graders.
prePAID provides peace of mind by covering all of the future normal full-time undergraduate in-state tuition and mandatory fees assessed to all students at Virginia public two- and four-year colleges and universities. A prePAID contract also can be used at private and out-of-state institutions but the benefits are different and, typically, less than if used at an in-state public school.
Contract prices vary based on the age of the beneficiary and the type of contract. Although the deadline to enroll is next Thursday, families have until May 1, 2016 to make the first payment.
Explore the full array of contract and payment options using the prePAID calculator and prePAID Program Description available at Virginia529.com.
About Virginia529 College Savings Plan:
Virginia529 makes higher education more accessible and affordable for families and individuals. With $54 billion in assets under management and 2.4 million accounts as of December 31, 2015, Virginia529 is the largest 529 plan available. Four flexible, affordable, tax-advantaged programs -- Virginia529 prePAID ℠ (prePAID ℠), Virginia529 inVEST ℠ (inVEST ℠), CollegeAmerica® and CollegeWealth® -- and early commitment scholarship program SOAR Virginia® assist students of any age in reaching their higher education goals. For more information on Virginia529's college savings options, visit Virginia529.com or call 1-888-567-0540 to obtain program materials. These include information on Virginia529 programs, investment objectives, risks, charges, expenses and other important information; read and consider them carefully before investing. All investments are subject to risk, including the possible loss of the money you invest. Virginia529 encourages prospective participants to seek the advice of a professional concerning any financial, tax or legal implications related to opening an account. For residents of states other than Virginia: your state or the beneficiary's state of residence (if different) may sponsor a 529 plan that offers state income tax and other benefits not available to you through Virginia529 College Savings Plan. ©2016 Virginia College Savings Plan. All Rights Reserved.
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Contact Information:
For more information, contact
Kelley Hope
Communications Manager
804-225-2452