Private College 529

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Open a Private College 529 account in less time than it takes you to get your kids to bed. Our step-by-step process only takes about 15 minutes.

Even if your child is years away from college, the time to open an account is now. The sooner you prepay for tuition, the more you can potentially save. You can also start small by contributing as little as $25 a month.1

What if your child is older? That's OK. You can open an account as late as your child's first year in college and still realize a potentially significant benefit from locking in today’s tuition rates.2

Easy to Open

It can take just 15 minutes and $25 to enroll online. You may also download and mail an enrollment form.

To save you time, have the following information for you, the beneficiary and a successor owner on hand:

  • Social Security number
  • Mailing address
  • Phone number
  • Date of Birth

You will also need your bank account information (routing and account numbers).

After you open an account you can make contributions whenever you want. You may even make regular, secure contributions straight from your bank account through an automatic purchase plan.

FAQs

Q: How may Private College 529 Plan affect eligibility for financial aid?

A: Private College 529 Plan accounts owned by the parent are treated as assets of the parent just like other 529 plans. This means a smaller impact on financial aid than if the assets were those of the child. The federal financial aid formula considers no more than 5.6% of parents' assets and 20% of a child's assets available to pay for college.

View all FAQs



  1. A minimum of $500 must be contributed within the first two years.
  2. You must wait at least 36 months after you purchase a Tuition Certificate to use it to pay tuition.

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.