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State Treasurer Opens Prepaid Tuition Program Enrollment

RENO, Nev. (KOLO) — The Nevada State Treasurer announced the launch of open enrollment for the Nevada Prepaid Tuition Program on Tuesday.

The program offers registrants an account for a reduced registration fee of just one penny until December 31. Enrollees will also receive a $100 deposit into a Nevada Sponsored 529 College Savings account.

“It’s important for families across the state to know what resources are available to help them prepare financially for higher education,” Nevada State Treasurer Zach Conine said. “Nevada’s Prepaid Tuition Program helps families by locking in current state college tuition for the future use of their children. I encourage all parents to take advantage of this amazing program.

The program is one of 12 across the country and was established in 1997.

The Treasurer’s Office says the program will lock in future tuition at its current price and provide portability of benefits nationwide to eligible out-of-state or private institutions.

They also say the program offers the following:

  • Contract rates as low as $39 per month
  • Can be used in conjunction with the Millennium Scholarship and other 529 savings programs
  • Many plans and payment options available to fit a variety of family budgets and timelines
  • Diet options available for newborns through ninth graders

Five different plans are available: three university plans, one community college plan, and a combination community college/university plan.

Payment options include a one-time lump sum payment, five-year monthly plans, ten-year monthly plans, and an extended monthly payment plan (monthly until high school graduation).

Prices vary depending on the needs of the child and the financial situation of the family, as well as the age of the child at the time of registration and the payment plan chosen. You are eligible for the program if the buyer or student is a resident of Nevada or if the buyer is a graduate of a Nevada public college or university.

To register click here : NVigate.gov. The open registration period ends on April 15, 2023.

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