Prepaid Tuition Plans

Prepaid Tuition Plans allow families to pay for future college tuition at current rates by purchasing credits or units in advance. This helps lock in tuition costs, potentially saving money as college prices rise over time. Typically offered by state programs or educational institutions, these plans are investments that can provide peace of mind, but they often cover only tuition and required fees, not living expenses or books. They’re a way to plan ahead and manage future college costs more predictably, making higher education more affordable and accessible for families.