With the cost of a four-year degree at U.S. public universities expected to top $100,000 within the next decade, families are seeking ways to make college affordable without excessive debt. Virginia529’s legacy college savings program, Prepaid529, had long been a popular savings option for Virginians seeking peace of mind prior to its permanent closure in 2019.

Today, Invest529’s newer option, the Tuition Track Portfolio, offers several benefits that eliminate the cost constraints that put Prepaid529 out of reach for most Virginia families in its later years.

Like Prepaid529, the Tuition Track Portfolio is an exclusive option for Virginians. However, instead of having to commit to a contract, you can contribute what you want, when you want, depending on your budget. You can purchase a full year of Average Tuition all at once, set up automated monthly contributions, or make one-time contributions.

Here are four reasons why the Tuition Track Portfolio might be the right option for your family:

1. Continuity and Familiarity: Much like Prepaid529, the Tuition Track Portfolio allows families to safeguard their savings against rising tuition costs. You’ll find the same commitment to value and security that you’ve come to trust with Prepaid529.
2. Enhanced Benefits: Unlike Prepaid529, the Tuition Track Portfolio offers enhanced flexibility. Your savings can grow in a manner that aligns with Average Tuition, helping your investment keep pace with the costs of education. Plus, the Tuition Track Portfolio can be used to cover tuition, books, meal plans and more!
3. Protected Investment: The Tuition Track Portfolio is designed to ease the risk of your savings falling behind due to rising tuition costs. By acting now, you avoid the potential losses associated with not keeping up with these increases.
4. Open Year Round: One significant advantage of the Tuition Track Portfolio over Prepaid529 is that it is currently open for enrollment fIt provides an ongoing opportunity to continue investing in your child’s education without interruption. You can save at your own pace with Tuition Track Portfolio.

What If I’m a Prepaid529 Customer?

There are thousands of existing customers still saving in the Prepaid529 program. Prepaid529 account owners who would like to roll their account over into the Tuition Track Portfolio can complete the Move Funds process to get started. If you already have made two Investment Direction changes in 2024 for the same account owner and beneficiary combination, you will not be able to transfer your Prepaid529 account to the Tuition Track Portfolio until January 1, 2025.

Opening a new Invest529 account and saving in the Tuition Track Portfolio can help continue your commitment to securing your child’s future.

Learn more about Tuition Track Portfolio and how you can keep your savings on track. Get started today and enjoy the peace of mind of a fee-free, market-protected investment that keeps pace with Average Tuition rates.

Virginia529 does not provide investment, tax or legal advice. Please consult an investment, tax or legal professional.