Private College 529

Skip to left navigation Skip to main content

Plan Overview

 

Children in class

Private College 529 Plan offers something that no other 529 plan can; a guaranteed way to purchase tuition at today's rates at participating private colleges and universities across the country. You get tomorrow's tuition at today's prices, for up to 30 years after it was purchased–guaranteed.

Pay less by paying today

You may have the resources to pay the market rate for college tuition at a later date, but why spend more than you have to? The Plan delivers significant savings on the cost of a private college education because you pay today's tuition rate—rather than tomorrow's. Since the plan does not charge enrollment or annual fees, 100% of your contributions go toward the purchase of tuition certificates.

Access a large—and growing—network of schools

The Plan currently has more than 270 participating colleges and universities. Your child can apply and, if accepted, enroll at any participating school.1 You do not have to commit to a school when you enroll in the Plan or at any point until you actually redeem your tuition certificates.2

Benefit from 529 plan tax advantages

You also receive the same potential tax advantages that come with other 529 plans, including federal income, gift, estate and even state tax benefits, in states that offer tax parity with the state's own plan.3

Gain peace of mind

The Plan is structured as a pre-purchase of tuition and not as an investment, leaving no question about what your money will be worth in the future if used for tuition at a participating school. This eliminates the need to select investment options, follow the financial markets, or worry that a future market downturn has the power to reduce your ability to pay for college tuition.

Sponsored by colleges

Private College 529 Plan is offered by Tuition Plan Consortium, LLC (TPC), a national group of private colleges and universities. The member schools guarantee your tuition benefit. The sole purpose of the Plan is to offer a prepaid 529 option designed to keep tuition at private colleges and universities within reach for American families.

FAQs

Q: Who are the participating colleges?

A: Private College 529 Plan includes more than 270 private colleges and universities to fit the talents and interests of any student. Participating schools span the country and include science & engineering schools, traditional liberal arts colleges, historically black colleges, religiously affiliated colleges, research universities and women's colleges-with more schools joining all the time.

View all FAQs



1. Participation in Private College 529 Plan does not guarantee admission to any college or university, nor does it affect the admissions process.

2. You must wait at least 36 months after you purchase a Tuition Certificate to use it to pay tuition.

3. See Disclosure Statement for details the refund amount will be paid from the Program Trust only. If you take a refund rather than redeem your tuition certificates for their intended purpose, the refund will be adjusted based on the net performance of the Program Trust, subject to a maximum increase of 2% per year, and a maximum loss of 2% per year. If your refund amount is not used to pay for qualified higher education expenses, the earnings portion of that amount will be subject to U.S. federal income tax and a 10% additional tax.

Private College 529 Plan is established and maintained by Tuition Plan Consortium, LLC. OFI Private Investments Inc., a subsidiary of OppenheimerFunds, Inc., is the program manager. Participation in the Plan does not guarantee admission to any college or university, nor does it affect the admissions process. Tuition certificates are not insured or guaranteed by the FDIC, TPC, any governmental agency or OFI Private Investments Inc. or its affiliates. Purchasers should carefully consider the risks associated with purchases and refunds of tuition certificates. The Disclosure Statement, including the Enrollment Agreement, contains this and other information about the Plan, and may be obtained by visiting privatecollege529.com or calling 1.888.718.7878. Purchasers should read these documents carefully before purchasing a tuition certificate.
© 2014 OFI Private Investments Inc.