|Prepaid Tuition Plan
||College Savings Plan
|Locks in tuition prices at eligible public and
private colleges and universities.
|Covers all "qualified higher education
- Room & board
- Mandatory fees
- Books, computers (if required)
|Most plans set lump sum and installment
payments prior to purchase based on age of
beneficiary and number of years of college
|Many plans have contribution limits in
excess of $200,000.
|Many state plans guaranteed or backed by
|No state guarantee. Most investment
options are subject to market risk. Your
investment may make no profit or even
decline in value.
|Most plans have age/grade limit for
|No age limits. Open to adults and children.
|Most state plans require either owner or
beneficiary of plan to be a state resident.
|No residency requirement. However,
nonresidents may only be able to purchase
some plans through financial advisers or
|Most plans have limited enrollment period.
||Enrollment open all year.