The Private College 529 Plan, sponsored by more than 270 private colleges across the country (including Redlands), is a pre-paid tuition plan.
The plan allows families to purchase tuition at today's prices that can be used at any member school tomorrow, for up to 30 years, and the increase in value is tax free. The plan protects families from tuition increases and market volatility. Account owners pay no fees so 100 percent of contributions go toward the purchase of tuition.
Participants can enroll in the plan at any time and contribute as little as $25 a month. Contributions are refundable.