 | |||
|
 |
|
 |
| |||
|
 |
Winter 2004 | Volume 26, Number 5 | Campus | |
| SPU Joins University Consortium Offering
Tomorrow�s Tuition at Today�s Prices PARENTS HAVE A NEW OPTION when it comes to saving for their children�s college tuition. Independent 529 Plan, sponsored by the Tuition Plan Consortium (TPC), is a prepaid tuition plan that allows parents to lock in future tuition at today�s prices. �SPU, along with 290 other independent universities such as Vanderbilt, Stanford and Westmont, are providing a highly effective way for people to fund the cost of college for their children, grandchildren and other beneficiaries,� says Seattle Pacific University Vice President for Business and Planning Donald Mortenson. Listed as a �Best Product of 2003� by BusinessWeek magazine, Independent Plan 529 works like this: John and Jane Smith purchase a certificate in 2004 with their 8-year-old daughter, Emily, as the beneficiary. In 2014, Emily selects a TPC university, and the family redeems the certificate for a year of tuition. The certificate was worth a year�s tuition when purchased, and it still covers a year � even though 10 years have passed. As of December 2003, certificate beneficiaries were an average of 9 years old, with many parents making automatic contributions toward their children�s college fund. �With Independent Plan 529, you remove the worry that investments might not keep up with tuition inflation,� explains Douglas Brown, president and CEO of the plan. �No matter what happens to investment markets or to the rates for college tuition, this program enables you to lock in today�s rates � and at a discount.� For more information, call 888/718-7878 toll-free or visit www.independent529plan.org. |
|
 From the President With years of experience in business and higher education, President Philip Eaton brings a unique perspective to the subject of good business. �For me,� he says, �business is all about investing in a worthy vision.� Circle of Influence Grows Talk About Imagination You Can Go
Home Again! |
|
