|
Virginia College Savings Plan Overview A variety of unique plans to give you choices
|
|
|
|
|
The average college tuition and fee charges at four-year public institutions increased from $617 in 1976-77 to $5,836 in 2006-07, an 846 percent increase over 30 years, according to the College Board's 2006 report, "Trends in College Pricing." If this trend continues, average tuition and fee costs at four-year public institutions could nearly double by the time today's infants become college freshmen. Wouldn't getting a head start make you feel better?
VCSP offers four unique opportunities to match your savings
strategy and style The descriptions below will give you an overview of the four plans, all of which may be used at universities, community colleges and technical schools across the country and, in certain cases, around the world. You can see how they might fit your saving style, investment strategy and timeline. However, we strongly encourage prospective account owners to request or download the complete informational packages regarding a plan before making a decision to participate.
Like you, we believe that higher education is a key factor in building a better future. Years from now, you'll be glad you took the time to make this decision. Congratulations on taking the first steps toward saving for that future. Virginia Prepaid Education Program™ Limited enrollment period
The Virginia Prepaid Education Program™ locks in future college costs for newborns through ninth graders. Backed by a statutory guarantee from the Commonwealth of Virginia, VPEP covers in-state undergraduate tuition and mandatory fees for the normal full-time course load at Virginia's public colleges. VPEP also can be used at Virginia's private colleges, as well as at public and private universities across the country and worldwide. Virginia Education Savings Trust™ Open year-round
The Virginia Education Savings Trust™ is open to students of all ages, wherever they live. VEST lets families save on their own timetables and budgets, and choose their annual investment mix from 16 portfolios. VEST contributions may be used for major higher education expenses, including: tuition, fees, room and board, textbooks and required supplies and equipment. CollegeAmerica™ Available only through financial advisers
CollgeAmerica allows families to save for college through a choice of 22 mutual funds. The program is a partnership between the Virginia College Savings Plan and the American Funds™, one of the oldest and largest mutual fund companies in the nation. More information is available from financial advisers and at www.americanfunds.com. CollegeWealth™ CollegeWealth is Virginia's partnership with participating banks throughout Virginia. Families may save for college through deposit accounts or certificates of deposit (CDs) that feature the tax advantages of 529 college savings plans. Accounts will be subject to the individual bank's terms, conditions, and interest rates but will be governed by Section 529 provisions - and overseen by the Virginia College Savings Plan.
|
|
|
|
 |
|
|
 |