Private College 529

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Contributions & Gifting

Prepaying even small amounts at a time can deliver significant savings. We make it easy for you or anyone else close to your child to contribute.

Take advantage of automatic contributions

Contributions from your checking or savings account that fit your budget can help make saving for college a regular part of your life. You may contribute as little as $25 a month,1 but remember that the more you prepay now, the greater the percentage of tuition you lock in at today's prices.

A gift that keeps on giving

Remember, too, that anyone in your child's life may contribute to or open a Plan account. Suggest a contribution to your child's Plan account when friends and family inquire about gift ideas for birthdays, holidays or other special occasions. A contribution is a lifelong gift that can pay dividends down the road. Only the account owner has control over contributions made to an account and may make changes, direct redemptions or change the beneficiary.

Private College 529 Plan offers a gift certificate that makes it easy to contribute and lets a child know that you’ve contributed. Instructions are included with the coupon and we send a confirmation to the Account Owner upon receipt of the contribution.

Gift and estate tax advantages

The Plan also provides potential gift and estate tax benefits:

  • Parents, grandparents or even friends may contribute up to $14,000 ($28,000 for married couples) per child each year, or up to $70,000 ($140,000 for married couples) prorated over a five-year period to an account, without incurring a federal gift tax
  • Contributions to 529 plans are also excluded from an account owner's estate when taxes are assessed, even though the owner retains complete control of the account, making the Plan an attractive option for grandparents2


Q: Already Have a 529 College Savings Plan?

A: You can combine the safety offered by Private College 529 Plan's tuition guarantee with the growth potential offered by a 529 college savings plan. When your child enrolls at a participating school, your Private College 529 Plan account can be used for tuition, and your 529 college savings plan can be used to cover other qualified higher education expenses.

View all FAQs

1. A minimum of $500 must be contributed within two years.

2. If the account owner dies before the end of the five-year period, a prorated portion of the contribution allocable to the remaining years in the five-year period, beginning with the year after the contributor's death, will be included within his or her estate for federal tax purposes.

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 or calling 1.888.718.7878. Purchasers should read these documents carefully before purchasing a tuition certificate.
© OFI Private Investments Inc.