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.
- Enroll right now online
- Download an enrollment form. Print an application that you may mail
- Download an enrollment kit. Get more information about Private College 529 Plan along with the application
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.
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.