Planning Ahead

Saving For Education

How does the prepaid tuition plan work?

Each state has its own method of administering a prepaid tuition plan. Some states allow the parents to make the tuition payments over 4, 7, 10, or 15 years. The money can be spent a college or university in the state, or even in other states, depending on what plan you select. If you do not use the money, it is refunded to you.


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