Save for College with a Private College 529 Plan

A 529 plan can be great to save for college, but what is it and how does it work?
Stephen Dunne, Esq.

Stephen Dunne, Esq.

Philadelphia bankruptcy, credit report, and debt collection abuse attorney

A 529 plan can be great to save for college, but what is it and how does it work?
Stephen Dunne, Esq.

Stephen Dunne, Esq.

Philadelphia bankruptcy, credit report, and debt collection abuse attorney

Today is the day.

It’s past time you had someone in your corner.
Our first consultation is always free.

A Private College 529 Plan allows you to prepay for tuition today and use it later at one of more than 270 private colleges across the country, including Princeton, MIT, Duke, Stanford, and Notre Dame.

How a 529 Works

Parents make contributions throughout the school year, and at the end of June, receive a “tuition certificate” for their total contributions made in the preceding 12-month period.

Incredible Savings

Purchasing a full year’s tuition in 2005-2006 at Princeton University for an eight year old child cost $27,230. This certificate could be redeemed for tuition when the child turns eighteen for the 2015-2016 school year at $40,170. The value increased by nearly 50 percent or about $13,000.

Benefits of a Private 529 Prepaid Plan

  • Families can lock in current tuition rates
  • Avoid high tuition inflation and market volatility
  • Growth in account’s value and use of tuition credits are both tax-free
  • Tuition certificates may be usable at a private college or out of state school
  • Contributions may be deductive on your state income tax

Learn more at Private College 529 Plan

Today is the day.

It’s past time you had someone in your corner.
Our first consultation is always free.

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