Your Contract can be used at any accredited university, college, or community college in the nation. Children enrolled in the program do not have to attend a Nevada School. Earnings are tax-deferred until the Contract Beneficiary attends college, and are then taxed at the Beneficiary's rate. Your payment will never change, regardless of future tuition increases. You can change your plan or payment option anytime you want.
Benefits are transferable within the immediate family.
Children have up to 10 years from the time they graduate from high school or until the age of 30 to begin using the benefits. Payments may be made by monthly coupon or automatic bank withdrawal. Millennium Scholarships Nevadans now have a wonderful chance to ensure that their children are prepared to meet the challenges of a rapidly changing world. The Nevada Legislature has approved and endorsed both of these programs. In July of 1997 Nevada Prepaid Tuition was passed with broad-based bipartisan support.