(NAPSA)—While it can be difficult to predict what tuition will cost by the time your child attends college, there are two things of which you can be sure: First, the cost of tuition is sure to go up—and there’s no way to predict how muchit willrise. And second, a smart way to plan for your child’s college education costs may be to enroll in a prepaid tuition plan. Prepaying for tuition can help you do what most other 529 plans can’t: save on thecost of attending college. And since new tuition rates take effect July 1st, the sooner you act, the more you can potentially save. With student loan debt recently surpassing $1 trillion, it is impor- tant to protect your child from becoming one of the many students who graduate college having to repay huge student loans on an entry-level salary. Prepaid tuition plans such as Private College 529 let you purchase tuition certificates that are guaranteed by 270+ participating private colleges and universities, including Princeton and Stanford as well as smaller liberal arts schools and research universities. Additional schools can join at any time and new schools will honor any outstanding prepaid tuition. A semester of undergraduate tuition purchased through the plan today will be worth a semesterof tuition for up to 30 years—no matter how much tuition rises or what happensin the financial markets. You do not commit to a particu- lar school when you enroll in the plan or at any point until your student enrolls and you redeem your tuition certificates. Since tuition rates vary among institu- Taking part in a prepaid tuition plan can save you thousands on the costof tuition in the future. tions, your contributions purchase different amounts at different schools. You can track how much tuition you own at any of the participating schools anytime by logging on to your account online. Your prepaid tuition must be held for 36 monthsbefore it can be redeemed at a member school. The earlier you prepay, the more you are likely to save over time, but, for example, if tuition rises at a rate of 5 percent per year, enrolling today could potentially save you thousands of dollars by the time your child enrolls. The plan offers the same federal tax benefits as any other 529-college savings or prepaid tuition plan and does not charge enrollment, management or annual fees; 100 percent of your contributions go toward the purchase oftuition. And don’t worry if your student doesn’t attend a college in the plan. You can name another beneficiary, roll over into another 529 account or request a refund. Savers are being urged to make their contributions by June 30th, before the new rates takeeffect. For more information, visit www.privatecollege529.com. wa nen ne nn nee nn ene eee @3e e+e eee Note to editors: The information contained herein is subject to change without notice. This material is provided for general and educational purposes only, and is not intended to provide legal, tax or investment advice, or for use to avoid penalties that may be imposed under U.S. federal tax laws. Contact your attorney or other advisor regarding your specific legal, investment or tax situation. Private College 529 Plan is established and maintained by Tuition Plan Consortium, LLC. OFT 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 OFT Private Investments Inc. or its affiliates. Purchasers should carefully consider the risks associated with purchases and refunds of tuition certificates. The Disclosure Statement, including the Enrollment Agreement, contains this and other information about the Plan, and may be obtained by visiting privatecol lege529.com or calling (888) 718-7878. Purchasers should read these documents carefully before purchasing a tuition certificate. (c) 2012 OFI Private Investments Inc
