Private College 529 Plan is the only federally authorized 529 prepaid tuition plan that allows families to save on the cost at hundreds of private colleges across the country by locking in current tuition and fee rates -- guaranteed by the participating institutions. Tuition Plan Consortium, LLC (TPC), a not-for-profit Delaware limited liability company is the plan sponsor. TPC has appointed Alta Trust Company as program trustee to provide trust services. TPC also is authorized under the plan documents to engage service providers to perform certain functions on its behalf and has engaged Intuition College Savings Solutions, as program administrator, and Charles Schwab, as custodian, to provide certain services.
- Program typeInstitutional prepaid contract
- Enrollment periodOpen year-round
- Inception2003
- State agencyThis is not a state-sponsored program. The sponsor is Tuition Plan Consortium LLC (TPC), a non-profit membership organization composed of participating colleges and universities. TPC is responsible for the plan design, qualification under Section 529, oversight of the program trust, and administration of the plan. TPC is authorized to appoint the trustee of the qualified trust that is required to be established under the plan. TPC has appointed Alta Trust Company as program trustee to provide trust services. TPC also is authorized under the plan documents to engage service providers to perform certain functions on its behalf and has engaged Intuition College Savings Solutions, as program administrator, and Charles Schwab, as custodian, to provide certain services.
- Tax deduction
- Program ManagerIntuition College Savings Solutions, LLC
Eligibility
State residency requirements:
Who can be a participant/owner in the program?
Significant time or age restrictions imposed by the program:
Contributions
Maximum contributions:
Minimum contributions:
Investment Options
Portfolio Fees & Performance Lookup
Contractual Features
Contract prices:
Available tuition packages:
Benefits for beneficiary attending private or out-of-state institution:
Contract payment options:
Are program benefits backed by the full faith and credit of the state?
Are program benefits collateralized or guaranteed in any other way?
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Fees & Expenses
Enrollment or application fee:
Account maintenance fee:
Taxes and other Benefits
- Tax deduction for single filersNone
- Tax deduction for joint filersNone
Note
State tax not applicable. Not a state-sponsored program
Program match on contributions:
State tax deduction or credit for contributions:
State tax treatment of qualified distributions:
Does the sponsoring state exclude the value of an account for state financial aid purposes?
Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?
Is there a rewards program or outside scholarship program that works with this program?
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Statutory protection of an account from creditors:
Distributions & Terminations
To whom are distributions made payable:
Account Changes
Policy regarding participant/owner changes:
Documents, Access & Reporting
Does participant have online password-protected access to account?
Can the complete enrollment process including funding be done online?
Documents and other services accessible or downloadable on the program's public Web site:
Contact
Website:
Telephone:
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