MARION, Ind., Jan. 10, 2017 /PRNewswire/ -- Indiana Wesleyan University is pleased to announce a new way for students and their families to save for college through its new membership in Private College 529 Plan, a pre-paid tuition plan that allows students and their families to lock-in current tuition rates for future education.
IWU joins a network of more than 280 private colleges and universities that make up Private College 529 Plan. As the only 529 pre-paid plan for private colleges, Private College 529 provides parents the opportunity to save a significant amount of money by avoiding future tuition increases or the risk associated with market volatility.
"We are delighted to participate in Private College 529 Plan," said Dr. Keith Newman, IWU's CEO of residential education and executive vice president. "Affordability and accessibility for all students remains a commitment of Indiana Wesleyan University. Since 1920, we have been offering a transformational education preparing students to serve our world. The opportunity afforded to families to invest in the future today is a great way to pay it forward."
Prepaid tuition is valid for 30 years after purchase and can be redeemed at any of the member institutions and any that join in the future. Individuals do not commit to a specific school when they enroll in the Plan. Accounts can be created with as little as $25 or as much as $250,000.
"We are thrilled that Indiana Wesleyan has become the 13th private college in Indiana to join this Plan," said Nancy Farmer, president of Private College 529 Plan. "It offers one more opportunity for families who want a faith-based education for their children or grandchildren to save on the cost of college."
For more information on Private College 529 Plan, visit privatecollege529.com/prepay.
About Indiana Wesleyan University
Indiana Wesleyan University is an evangelical Christian comprehensive university of The Wesleyan Church committed to global liberal arts and professional education. Nearly 3,200 students are enrolled in traditional programs on the main campus in Marion, Indiana. Over 10,000 adult learners study at education centers in Indiana, Kentucky and Ohio, and online. IWU has a sister institution in Sydney, Australia.
About Private College 529 PlanSM
Owned and operated by the Tuition Plan Consortium, a group of 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 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 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 over 6,000 families. For more information, visit https://www.privatecollege529.com/.
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SOURCE Private College 529 Plan