Parents who want to lock in college tuition costs for their children at today's tuition rates have to enroll by this Friday, March 31. That's when open enrollment for Nevada's Prepaid Tuition Program closes.
The program offers an opportunity to prepay tuition costs — through several options. Parents can pay a one-time lump sum , stretch payments over a period of five years, or pay monthly until their child graduates from high school. The sooner parents start, the lower the payments can be. According to the State Treasurer's Office, tuition plans can start as low as $38 a month for community college tuition, provided parents start paying when their child is a newborn.
The in-state tuition value can even be used out-of-state at any college or university that accepts FAFSA (Free Application for Federal Student Aid.)
Nevda's prepaid tuition program has been in place for the past 19 years and more than 20,000 participants have taken advantage of the opportunity to secure tomorrow's tuition at today's cost. More information is available at NV529.org or by calling 702-486-2025.
