A variety of programs to give you choices

The average college tuition and fee charges at four-year public institutions increased from $617 in 1976-77 to $5,930 in 2009-10, an 861 percent increase over 33 years, according to the College Board’s 2009 report, “Trends in College Pricing.” If this trend continues, average tuition and fee costs at four-year public institutions could nearly double by the time today’s infants become college freshmen. Wouldn’t getting a head start make you feel better?

Virginia529 offers four unique programs with many options to match your savings strategy and style

The descriptions below provide an overview of our four programs, all of which may be used at universities, community colleges and technical schools across the country and, in certain cases, around the world. You can see how each option fits your saving style, investment strategy and timeline. However, we strongly encourage prospective account owners to request or download the Program Guide and related documents before making a decision to participate.

Like you, we believe that higher education is a key factor in building a better future. Years from now, you’ll be glad you took the time to make this decision. Congratulations on taking the first steps toward saving for that future.


Tax Advantages

  • All earnings in Virginia529 accounts grow free from federal tax.
  • Virginia taxpayers with Virginia529 accounts may deduct up to $4,000 per year, for each account they own, with an unlimited carry–forward.
  • Account Owners age 70 or above may deduct the entire amount of their contributions at one time or in any future tax years
  • Favorable estate and gift tax provisions

Virginia529 prePAIDSM

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  • Open December 1, 2012 – April 5, 2013
  • Limited Annual Enrollment Period
  • Age and residency limitations
  • Statutory Guarantee
  • Prepay future tuition and mandatory fees at any Virginia public college
  • Use benefits at public and private colleges and universities around the country

CollegeWealth®

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  • FDIC-insured savings accounts through partnerships with participating banks
  • Open with minimum $25 contribution
  • Available through BB&T or Union First Market
  • Competitive interest rates currently starting at 2% APY