Bronxville, NY, Feb. 18, 2016 - Sarah Lawrence College is pleased to announce a new opportunity for families of prospective students to lock-in tuition at current rates through the school's new membership in Private College 529 Plan, a pre-paid tuition program owned by more than 280 colleges and universities.
The most recent college to join the nationwide Plan, Sarah Lawrence actively pursues all available opportunities to make college affordable, says Kevin McKenna, dean of Enrollment and Financial Aid.
"Helping families navigate ways to pay for an education that will return the investment to the student is an important part of what we do," says McKenna.
"We know Sarah Lawrence is dedicated to helping families afford quality private higher education, so we're pleased it is the 283rd institution to become part of our cause," says Nancy Farmer, president of Private College 529 Plan. "This is one more step to help future students limit college debt."
Private College 529 Plan's most recent surveys of parents of, and students in, the 13-17 year-old age range found that 92 percent of each group said saving for college is important, yet only about a third of those parents saving for college are using tax-advantaged 529 plans.
Fittingly, the action comes just as "America Saves Week," -- a time dedicated to encouraging Americans to set goals and make plans to save and build wealth -- is about to start on Monday, Feb. 22.
Families participating in Private College 529 Plan contribute to the savings plan at least three years prior to enrollment and do not need to select a college until the student is ready to enroll. Savings in the plan are converted to tuition certificates which may be used at any of the participating institutions. The diverse range of member schools includes liberal arts colleges, research universities, faith-based schools, science and technology institutions and more.
Founded in 1926, Sarah Lawrence is a prestigious, coeducational liberal arts college that consistently ranks among the leading liberal arts colleges in the country. Sarah Lawrence is known for its pioneering approach to education, rich history of impassioned intellectual and civic engagement, and vibrant, successful alumni. In close proximity to the unparalleled offerings of New York City, the historic campus is home to an intellectually curious and diverse community. For more information, visit https://www.sarahlawrence.edu/.
Owned and operated by the Tuition Plan Consortium, a group of more than 280 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 and volatility in financial markets.
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. For more information, visit https://www.privatecollege529.com/.