Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:New Prepaid College Plan Gets the Nod Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 7, 2003

New Prepaid College Plan Gets the Nod

by: Ki Kim

A new prepaid college tuition plan for private colleges received its final regulatory approval this month under Section 529 of the Internal Revenue Code. The Independent 529 Plan will offer tuition certificates to participating private colleges throughout the U.S. TIAA-CREF Tuition Financing will administer the plan and TIAA-CREF Trust Company, FSB will manage its investments.

"During the next few months, we will get formal re-affirmation from a list of several hundred private colleges regarding their participation as an Independent 529 Plan school," said Doug Brown, president of Tuition Plan Consortium (TPC), the non-profit group that will run the program.

"Participating schools will offer and guarantee a certificate discount on their current year's tuition costs for this plan," said Brown. The program is expected to go live this summer.

The Independent 529 Plan contributions will essentially be buying a "piece" of a private college's tuition at today's prices that will be accepted as payment when the student eventually attends private college. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use