But tuition will increase. You should start as soon as you can, said Dave Clapsaddle, director of the Nevada program. Along with making one prepayment when a child is born, Nevada parents can spread contributions over time. Families with children from newborns to high school freshmen are eligible for the program. The closer the child is to college age, the higher the plan s cost.
Parents can lock in low tuition rates by prepaying because the state invests the money.
The plan is based on earning interest, with the state using it to make up the difference between what parents pay now and what tuition costs later. We are selling a product, said Krolicki, who has enrolled in the program to pay tuition for his two daughters. That s when the loan will be repaid. Use of this site signifies agreement to our terms of service . We want your feedback .