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Independent 529 Plan changing its pricing
(July 14, 2010) - The Independent 529 Plan will no longer be offering a discount from current tuition prices when it re-opens in mid-August under new program manager OFI Private Investments Inc., (OFIPI), a subsidiary of OppenheimerFunds, Inc. The plan temporarily stopped accepting new contributions on July 1, 2010 to make the transition from former program manager TIAA-CREF Tuition Financing.
Previously, I529 provided an additional benefit to participants by requiring participating colleges to accept a discount off current tuition prices. This feature is eliminated going forward.