Private College 529 Plan(SM) Launches TomorrowsTuitionToday.org to Help American Families Save for College

ST. LOUIS, Oct. 22, 2012 /PRNewswire/ -- Private College 529 Plan(SM) (PC529), a prepaid college tuition plan owned and operated by more than 270 leading private colleges and universities, today announced the launch of TomorrowsTuitionToday.org, a new website offering tools and guidance to help American families achieve their college savings and planning goals.

"The creation of this new site underscores the commitment of Private College 529 Plan's member colleges and universities to fostering an understanding of how to save for college and make smart decisions about student loans," said Nancy Farmer, president of Private College 529 Plan.  "Whether families choose to utilize our program exclusively, decide that an alternative plan best suits their needs, or some combination of the two, we want to help increase awareness of the long-term financial planning that is required in today's economy to ensure that a higher education is attainable for as many families as possible."

TomorrowsTuitionToday.org features profiles from member schools, an interactive blog focused on college savings strategies and topics, as well as real stories from member families that have successfully leveraged the program. "There is no better way to understand the plan's value than to hear first-hand from real people who have utilized Private College 529 Plan as a viable option to make their children's educational dreams a reality," added Ms. Farmer.

"Emory University is proud to be a member of the Private College 529 Plan.  We believe that every dollar saved today is a dollar that future students will not have to take out in loans. Our school is determined to take an active role in helping make a private college education affordable and accessible," said Allison Dykes, vice president, Alumni Relations of Emory University.  "I know I speak for the entire alumni community when I say that we are excited about the launch of the new site and the tools it will offer potential students and their families who need guidance on how to start the process of saving for college."

With Americans' student loan debt surpassing the $1 trillion mark according to the Consumer Financial Protection Bureau and the tuition inflation rate historically averaging five percent annually, a college education for today's toddlers could more than double over the next 15 years.  These statistics clearly illustrate that college savings planning is one of the most important fiscal responsibilities facing families today -- second only to paying for one's mortgage. However, many families still need extra encouragement and support to get them on the right path when it comes to planning and saving for college. 

Private College 529 Plan knows that this task is confusing for many people as finding clear-cut information on the myriad of choices for college savings can be difficult. For this reason, TomorrowsTuitionToday.org was created in a turn-key format so that information about different college savings options are easily accessible in one destination, allowing people to decide for themselves what mix of these investment and/or savings plans best fits their families' unique needs.

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 to protect their savings from market  fluctuations and 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 from across the United States. Private College 529 Plan's administrative management is also lead by the institutions themselves as opposed to the government. Today, Private College 529 Plan is working for over 6,000 families with more than $240 million under management. For more information, visit http://www.tomorrowstuitiontoday.org and https://www.privatecollege529.com/.

SOURCE Private College 529 Plan