Stetson University, with four campuses across Florida, today announced it has joined Tuition Plan Consortium, a group of more than 270 U.S. private colleges and universities that own and operate the Private College 529 Plan. Private College 529 Plan offers families a guaranteed way to get tomorrow's tuition at today's prices, for up to 30 years after it was purchased. As a member school, Stetson University will accept tuition credits purchased by Private College 529 Plan (PC529) participants.
“We work closely with students and their parents to make a Stetson education affordable and we’re excited to be a part of Private College 529 plan,” said Wendy B. Libby, Stetson University President. “This gives families another tool for planning for their children’s college education by offering them the opportunity to lock in tuition at today’s prices. In today’s economic environment, anything that can be done to support college attainment is critical.”
With the future of Florida’s state-run pre-paid tuition plan currently in question due to new legislation which could allow some universities to independently increase tuition rates, rather than face state-imposed caps, the timing of this new addition to the PC529 Plan gives local families a secure option for their children’s future college plans.
“Stetson University is a welcome addition to our prestigious consortium of college and universities throughout the country,” said Nancy Farmer, President of the Tuition Plan Consortium. “As the first private school in Florida, Stetson has set the bar very high and is consistently recognized by U.S. News & World Report and Forbes for its academic excellence. Giving students the opportunity to attend this highly regarded school by offering their families guaranteed tuition rates is a viable solution to ever-increasing college costs and a key component to their college saving planning strategies.”