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Coe joins Private College 529 Plan to provide tuition options

Extra: Rod Pritchard, Director of Marketing and Public Relations
(319) 399-8605 or rpritcha@coe.edu

2014-06-10 09:06:36 - General

To provide families with a guaranteed way to lock in tomorrow's tuition at today's prices, Coe College has joined Private College 529 Plan provided by Tuition Plan Consortium, LLC. Coe will start accepting tuition certificates purchased under the Private College 529 Plan, which essentially freezes tuition costs for those in the program, even if they will not graduate from high school for many years to come.

Under the Plan, the sooner families prepay for tuition, the more they can potentially save. A semester of undergraduate tuition for a participating college or university purchased today will be worth a semester of tuition at that institution for up to 30 years - no matter how much tuition rises or what happens in the financial markets.

"Coe College is a welcome addition to our prestigious consortium of college and universities throughout the country," said Nancy Farmer, president of the Private College 529 Plan. "As a member of the Plan, Coe gives students the opportunity to attend this highly regarded institution and offers families guaranteed tuition and a viable solution for their college planning strategies."

According to Coe Vice President for Administration and Enrollment Services Michael White, the college joined the Private College 529 Plan to give families an alternative when it comes to funding a Coe education for their students.

"We are delighted to join the distinguished list of colleges and universities that sponsor the Private College 529 Plan. This gives Coe College another tool to help keep tuition affordable for future generations of Kohawks by allowing them to prepay tuition," said White.

The Tuition Plan Consortium was formed as a not-for-profit organization in 1998 to establish a prepaid tuition 529 option designed specifically by and for private colleges and universities. Today, more than 270 private colleges across the country participate in Private College 529 Plan.

Coe College is a private, nationally recognized four-year coeducational liberal arts institution providing superior educational experiences for students since 1851. Coe's residential campus is located in Cedar Rapids, Iowa. Recognized as one of the finest liberal arts colleges in the U.S. by a variety of widely respected college ranking publications, Coe continues to set the bar with its reputation for academic excellence.