RIAs: Help Clients Outsmart Tuition Inflation and Avoid Market Risk
Private College 529 PlanSM is a prepaid tuition plan for private colleges and universities offered by the not-for-profit organization, Tuition Plan Consortium, LLC (TPC).
The Plan offers what no other 529 plan does: a secure way to lock in today’s tuition rates at an ever-growing group of more than 270 private colleges and universities across the U.S. Demonstrate your value by offering clients this unique solution to help them achieve the dream of a private college education for their children—while also serving as a smart estate and tax planning tool.
Guaranteed Tuition Provides Peace of Mind
Private College 529 Plan is structured as a pre-purchase of tuition—not a market-based investment—offered by the not-for-profit organization Tuition Plan Consortium, LLC (TPC). Regardless of how much tuition rises at member colleges or how financial markets perform, member schools guarantee the tuition benefit.
Clients may purchase tuition at today’s prices and redeem tuition certificates at any of the participating colleges or universities for up to 30 years.1 Since the more than 270 schools are all eligible for the guaranteed offer, there is no need to select any one school at the time the account is established. The Plan provides a helpful “track your five favorite schools” feature that allows clients to monitor their progress towards their college savings goals.
A No Fee Plan
The Plan charges no fees of any kind to you or your client. Member schools pay the Plan’s administrative costs.
The Plan offers the same attractive potential tax benefits found in traditional 529 plans.
RIA Institutional Materials
Q: Do your clients already have a 529 plan?
A: Opening a Private College 529 Plan account alongside a traditional, state-sponsored, market-based 529 college savings plan, provides the opportunity to combine the benefits of pre-purchasing tuition as well as saving for room and board and other qualified fees through a traditional 529 savings program.