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
Investment Options
Investors in Private College 529 Plan can select from the following investment options. Click on a portfolio name for more information.
Sometimes referred to as the enrollment-based option, this is an investment approach where your asset allocation is programmed to change over time. Accounts for young beneficiaries are invested aggressively and accounts for beneficiaries with college right around the corner are invested much more conservatively. In some 529 plans, the age-based option operates by automatically transferring your investment from one static portfolio to another at certain points in time. Others utilize lifecycle funds or employ lifecycle-type tactics within the portfolio containing your investment so that it is not necessary to transfer your investment between portfolios.
