From the office of the State Treasurer:
State Treasurer Kate Marshall and the Board of Trustees of the College Savings Plans of Nevada are conducting a contest for Nevada residents who purchase a Nevada Prepaid Tuition contract prior to December 31, 2013. Each entry received by the due date will be entered into a random drawing to win a year of free tuition for their beneficiary, with one winner selected from both northern and southern Nevada.
The 2014 open enrollment period for the Nevada Prepaid Tuition Program began on December 1, 2013 and concludes February 28, 2014. The Nevada Prepaid Tuition Program enables parents, grandparents, and other family members to lock in future college tuition rates at today’s prices. Promise Made, Promise Paid, is the theme of the Nevada Prepaid Tuition program, which is designed to encourage parents to plan for their child’s future college education needs.
Marshall said the funded status of the Nevada Prepaid Tuition Program is currently about 112%, and that the Board has adopted a plan designed to get the funded status to 120% to ensure the long-term viability of the program for Nevada families.
Nevada Prepaid Tuition purchased credit hours may be used at any U.S. Department of Education eligible institution of higher learning, both in-state and out-of-state, including technical and trade schools. If the beneficiary makes the decision to enroll at a college outside of Nevada, the monetary value of the purchased credit hours at a Nevada college would be transferred to the out-of-state college on the beneficiary’s behalf.
Newborns to ninth graders are eligible for the program. Parents have a variety of payment options: lump sum, 60 equal payments over five years, or pay each month from the time of enrollment until the child is ready to start college. The first payment is not due until May 15, 2014.
For more information about the Nevada Prepaid Tuition Program, go to NVPrepaid.gov, or call (702) 486-2025, or toll free, 1-888-477-2667. Online registration, which is available as of December 1, makes the process quick and easy.