Helping Parents Save for College

Independent 529

SOME SEATTLE PACIFIC University families are saving money on the cost of future college tuition through a flexible, low-cost pre-paid tuition program known as the Independent 529 Plan. Because tuition rises nationally at an average rate of 6 percent a year, locking in tuition at a discount from today’s prices is an attractive guarantee against tuition inflation. There are no start-up, maintenance, or annual fees, and the plan is free from federal taxes.

SPU Vice President for Business and Planning Don Mortenson believes the plan is an excellent option by which people can fund the cost of college for the next generation at hundreds of independent universities, including Seattle Pacific. “It’s the most highly effective plan of its kind that I’ve seen for those families who believe that private higher education is the place to send their sons and daughters.”

The Independent 529 Plan is administered by TIAA-CREF Tuition Financing, Inc. For more information, visit www.independent529plan.org.

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