Tuition benefits can also be transferred to an out-of state university. In other words, by signing up for this fund, parents and grandparents can pay for their children's or grandchildren's college educations at today's tuition rates. But the deadline for this year's enrollment period is May 25, so concerned adults who want to start participating this year need to move fast. Both schools and communities benefit when family income rises, she added. However, she pointed out, too few families are taking advantage of the fund.
Plans are available for different families' needs, and can be adjusted as time goes on.
You can change plans in the future if the beneficiary's needs or your financial situation change. Granovsky hopes more and more families will take advantage of the program, because the cost of higher education is likely to continue rising.