Beloit College to provide "tomorrow's tuition at today's prices" through Private College 529 Plan

BELOIT, Wis., Sept. 10, 2014 /PRNewswire/ -- Beloit College today announced that it is now offering students a way to beat the rising cost of college tuition by joining Private College 529 Plan^SM, a pre-paid tuition savings plan that allows participating families to lock in today's tuition rates for future use.

Beloit is one of more than 275 private colleges and universities participating in Private College 529 Plan, which is sponsored and offered by its members to families who value a private college education for their children.  As one of the member schools, Beloit will honor tuition certificates purchased at today's tuition rates for up to 30 years, thereby offering families an opportunity to save thousands of dollars in future tuition bills.

"We are glad to join this consortium of institutions in offering such a valuable opportunity to families," said Rob Mirabile, vice president for enrollment services at Beloit. "Beloit is already celebrated as a great value, and we're pleased to have the chance to do even more to make our school as affordable as possible for students and their families."

Beloit is the fifth private college in Wisconsin to participate in the Private College 529 Plan — Concordia University, Lakeland College, Lawrence University, and Ripon College are also participating member schools.

"How appropriate it is that Beloit College should mark National College Savings Month by offering families guaranteed tuition and a viable solution for their college planning strategies," said Nancy Farmer, president of Private College 529 Plan.  "Beloit is a great addition to our prestigious list of private colleges and universities across the country."

Private College 529 Plan is offered by the Tuition Plan Consortium, LLC (TPC), a national group of private colleges and universities.

For more information on Private College 529 Plan visit, http://www.tomorrowstuitiontoday.org/http://www.privatecollege529.com/.

About Beloit College

Founded in 1846, Beloit College is Wisconsin's oldest college. Hailed as one of a handful of "Colleges That Change Lives," Beloit offers students access to more than 50 majors and 30 minors, 100-plus student clubs, 17 varsity sports, and dozens of internship, study abroad and field work opportunities. The college draws students from 48 states and 40 countries to its campus along the Rock River in downtown Beloit, Wis. Learn more about Beloit College's financial aid policies and programs online.

About Private College 529 Plan^SM

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. 

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 over 6,000 families with more than $310 million under management.  For more information, visit https://www.privatecollege529.com/.

SOURCE Private College 529 Plan