St. Louis & Chicago (January 13, 2015) - Private College 529 Plan℠, a prepaid tuition plan owned and operated by more than 275 leading private colleges and universities, and the Associated Colleges of the Midwest (ACM), a consortium of academically excellent, independent liberal arts colleges located in Illinois, Iowa, Minnesota, Wisconsin, and Colorado, jointly announced today that the entire ACM consortium has officially joined the PC529 plan.
"Access and affordability are important priorities for all of the ACM institutions," said David Anderson, President of St. Olaf College and Chair of the ACM Board of Directors. "This plan is another tool that families can use in pursuing high quality college education."
"Private College 529 Plan is so pleased that all 14 of the ACM's schools have joined us in our mission to offer families an alternative that takes the risk of rising tuition costs out of college savings planning by offering a guaranteed way to save on the future cost of a higher education," said Nancy Farmer, president of Private College 529 Plan. "The Consortium's full engagement is a significant milestone for PC529 that will benefit current and future students and families for many years to come."
ACM colleges each have a distinctive identity and set of traditions. At the same time, the ACM colleges share many characteristics, especially a fundamental commitment to the liberal arts as the best preparation for life, employment, and contributing to society.
"At the ACM, every day we see the benefits of our colleges collaborating to provide opportunities for students at the 14 campuses," ACM President Christopher Welna noted. "Private College 529 Plan is an example of the ACM colleges joining with a larger group of private colleges and universities across the country to help make college financially attainable for as many families as possible."
Families can also visit PrivateCollege529.com, Private College 529 Plan's educational website, which offers information on a variety of college savings and planning tools, account owner testimonials that describe families' real-life experiences utilizing the PC529 Plan as a part of their comprehensive college tuition savings and planning strategies as well as detailed member school profiles.
Owned and operated by more than 275 leading private colleges and universities, Private College 529 Plan was created by authorization of the U.S. Congress for colleges and their consortia to help families save for college and increase the affordability and accessibility of higher education. Private College 529 Plan enables families to invest in their children's future by prepaying tuition at member institutions, protecting their savings from annual tuition inflation.
The educational mix of private institutions participating in Private College 529 Plan provides families with a wide range of college choices. As opposed to other state specific congressionally authorized plans, Private College 529 Plan has a national scope, with participating private colleges across the United States. It also differs in that its administrative management is by the institutions themselves as opposed to government.
Today, Private College 529 Plan is working for over 6,000 families with more than $310 million under management.
For more information, visit https://www.privatecollege529.com/.
Founded in 1958, the Associated Colleges of the Midwest (ACM) aims to strengthen its member colleges as leaders in liberal arts education through significant, innovative, and sustainable collaborations.
As a consortium, the ACM colleges promote excellence in teaching and learning, foster professional effectiveness and peer networking of faculty and administrative leaders, and provide exemplary experiential and academic learning through off-campus study programs in Africa, Asia, Europe, Latin America, and the U.S.
The ACM member colleges are Beloit College, Carleton College, Coe College, Colorado College, Cornell College, Grinnell College, Knox College, Lake Forest College, Lawrence University, Luther College, Macalester College, Monmouth College, Ripon College, and St. Olaf College.
For more information, visit www.acm.edu.
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. Not insured or guaranteed by the FDIC, TPC, any governmental agency or OFIPI or its affiliates. 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. Read these documents carefully before purchasing a tuition certificate.
© 2015 OFI Private Investments Inc.