VPEP is one of the Section 529 qualified tuition programs offered by the Virginia College Savings Plan. VPEP lets Virginia families lock in the cost of tomorrow's college tuition and mandatory fees. Contract payments cover future in-state undergraduate tuition and mandatory fees for the normal full-time course load at Virginia public colleges and universities. VPEP benefits may also be applied toward the cost of tuition and fees at Virginia private colleges as well as at most colleges and universities nationwide, and in certain cases, at schools around the world.
Tuition and fees have risen 11.2% in five years at Virginia public colleges. Shouldn't you think about locking in now?
The trend in escalating tuition and fees is expected to continue, so imagine how much college will cost when your child is ready to go. Virginia's Prepaid Education Program allows you to lock in today's tuition costs, so even if tuition and mandatory fees go up, your costs don't. Add to that the tax-free withdrawals for qualified expenses and you'll see it's a great investment opportunity.