NOTRE DAME, Ind., Dec. 23, 2015 /PRNewswire/ -- Holy Cross College is proud to announce that it has joined The University of Notre Dame and Saint Mary's College as a member of the Private College 529 Plan, a pre-paid tuition plan that allows participating families to lock in current tuition rates for future use.
Holy Cross is one of 12 colleges and universities in Indiana, and 282 institutions nationwide, to participate in the Private College 529 Plan. As a member, Holy Cross will honor tuition certificates purchased at today's tuition rates for up to 30 years, giving purchasers the opportunity to save thousands of dollars in future tuition bills.
"We are happy to join with our tri-campus neighbors at Notre Dame, Indiana, in this consortium of institutions to offer such a valuable opportunity for families," said Brother John Paige CSC, president of Holy Cross College. "Holy Cross is already celebrated as a great value in Catholic higher education, and we're pleased to have the chance to do even more to make our college as affordable as possible for students and their families."
The diverse range of member schools that comprise Private College 529 Plan includes research universities, liberal arts colleges, religious schools, science and technology institutions and more. Funds in the Plan can be used only for tuition and mandatory fees at member institutions, so it can work alongside any traditional 529 savings accounts that can be used to pay room and board, books and other higher-education expenses. If the student does not attend a member school, funds in the plan can be rolled over to another 529 plan or the beneficiary can be changed.
"Holy Cross College is a most welcome new member of Private College 529," Nancy Farmer, president of the Plan, said. "Holy Cross adds to the range of options for Private College 529 families to find a school that makes quality, private higher education more affordable."
About Holy Cross College
Holy Cross College is a Catholic, four-year, co-educational, liberal arts institution founded in 1966 by the Brothers of Holy Cross. With a 13:1 faculty/student ratio, students find personal attention from professors who care about their success and development in mind, body, and spirit. The Four Pillars of the core curriculum include academic instruction, professional internship, service to others, and a global perspective experience, culminating in a senior Capstone experience, which synthesizes and assesses each student's learning. Located in Notre Dame, Indiana, Holy Cross College provides the best of both worlds: a close-knit, small college atmosphere with the resources and social opportunities of a large university.
About Private College 529 Plan
Owned and operated by more than 280 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 plan for college and increase the affordability and accessibility of higher education. Private College 529 Plan enables families to save on the future cost by prepaying tuition at member institutions protecting their saving from tuition inflation and market volatility.
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 member institutions bear all of the financial risk and pay all of the fees.
Private College 529 Plan is working for over 6,000 families with more than $310 million under management. For more information, visit https://www.privatecollege529.com.
Purchasers should carefully consider the risks associated with purchases and refunds of Tuition Certificates. The Disclosure Statement contains this and other information about the Plan, and may be obtained by visiting privatecollege529.com or calling 1.888.718.7878. Purchasers should read these documents carefully before purchasing a Tuition Certificate.
Private College 529 Plan is established and maintained by Tuition Plan Consortium, LLC. OFI Private Investments Inc., a subsidiary of OppenheimerFunds, Inc., is the program manager. Participation in the Plan does not guarantee admission to any college or university, nor does it affect the admissions process. Tuition Certificates are not insured or guaranteed by the FDIC, TPC, any governmental agency or OFI Private Investments Inc. or its affiliates.
SOURCE Private College 529 Plan