Private College 529 Plan

CollegeWell is a unique 529 plan that focuses specifically on private colleges and universities. It allows families to prepay for tuition at participating private institutions at today's prices, offering a hedge against future tuition increases. Unlike other 529 plans, this plan locks in a specific number of prepaid tuition units, which can be redeemed for a set percentage of tuition and mandatory fees at the participating schools. The plan provides flexibility by allowing funds to be used at any of the participating institutions nationwide, and even if the beneficiary doesn't attend a private college, the plan can be transferred to another eligible family member. CollegeWell offers families a way to save for private higher education with the assurance of fixed tuition rates.