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SOURCE Private College 529 Plan
Future Students Can Fund Their College Education Through Non-traditional Pre-paid Plan
ST. LOUIS, Sept. 30, 2013 /PRNewswire/ -- Private College 529 PlanSM (PC529), a prepaid tuition plan sponsored by more than 270 leading private colleges and universities, today announced the addition of Saint Joseph's College (SJC) of Rensselaer, IN. Marking a decade of delivering access to more affordable private higher education, the plan is pleased to offer families another secure option in the Midwest for their children's future college plans. PC529 offers families a guaranteed way to get tomorrow's tuition at today's prices for up to 30 years after purchase. As a new member school, SJC will accept tuition credits redeemed by PC529 accountholders.
"Saint Joseph's College is proud to be the newest member of the Private College 529 Plan," said SJC President F. Dennis Riegelnegg, Ed.D. "We are excited to assist families with securing their college savings. The SJC community is pleased to take another step toward providing families with an affordable, high quality college education."
PC529 makes a concerted effort to align with educational institutions that prioritize making higher education accessible to as many families as possible. In fact, SJC recently announced a guaranteed tuition rate plan that went into effect this academic year. The plan allows students to pay a single, consistent tuition rate throughout the entire four years of a degree program, potentially saving them thousands of dollars in standard tuition increases each year.
"Saint Joseph's College is a welcome addition to our prestigious consortium of colleges and universities throughout the country," said Nancy Farmer, President of Private College 529 Plan. "As we begin our 10th anniversary year, we are pleased to add this vibrant school, which has been named as one of the Princeton Review's 'Best in the Midwest' as well as one of U.S. News & World Report's 'Best Buys'."
Recent findings from Private College 529 Plan's Teen College Saving Barometer show that three-fifths of teens (60 percent) expect to have to take out student loans in order to pay for some portion of their future college costs. PC529 believes that every dollar saved today is a dollar that future students will not have to take out in loans tomorrow. Additionally, Private College 529 Plan participants benefit from eliminating their exposure to tuition inflation and market volatility issues, which plague traditional 529 plan owners.
To learn more about real families that have utilized PC529 and for school testimonials, visit http://www.tomorrowstuitiontoday.org/. Private College 529 Plan can also be followed on Twitter at @PC529Plan.
About Private College 529 PlanSM
Owned and operated by more than 270 leading private colleges and universities, Private College 529 Plan was created by authorization of the U.S. Congress for colleges and their consortia to help families save for college and increase the affordability and accessibility of higher education. Private College 529 Plan enables families to invest in their children's future by prepaying tuition at member institutions, protecting their savings from annual tuition inflation and volatility in the financial markets.
The educational mix of private institutions participating in Private College 529 Plan provides families with a wide range of college choices. As opposed to other state specific congressionally authorized plans, Private College 529 Plan has a national scope, with participating private colleges across the United States. It also differs in that its administrative management is by the institutions themselves as opposed to government. Today, Private College 529 Plan is working for nearly 6,500 families with more than $285 million under management. For more information, visit https://www.privatecollege529.com/ or http://www.tomorrowstuitiontoday.org/.
About Saint Joseph's College
Saint Joseph's College, named a "character-building college" by the Templeton Foundation and a "best Midwestern college" by the Princeton Review, is a four-year, Catholic college offering 27 majors, 4 group majors, 35 minors, and 9 pre-professional programs, complemented by the nationally acclaimed Core Program. Founded and sponsored by the Missionaries of the Precious Blood, SJC is located in Rensselaer, Indiana, approximately 90 minutes from both Chicago and Indianapolis, on a park-like campus of 180 acres and has an enrollment of nearly 1,200 students.
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