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Virginia529 Temporarily Delays Prepaid529 Enrollment

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Due to legislative uncertainty and rising higher education costs, Virginia529 is voluntarily delaying Prepaid529 enrollment.

Interest in Prepaid529 remains high, but the steep and unpredictable increase in higher education costs since Prepaid529 first opened more than twenty years ago places Prepaid529 out of reach for many Virginia families. Virginia529 remains committed to its core mission of helping make college more affordable and accessible to all Virginians, and has drafted a legislative proposal to update and simplify the program. This proposal is currently under review by the General Assembly.

There will be no changes to existing Prepaid529 contracts, and current contracts will retain the Prepaid529 benefit structure in effect at the time of purchase. Installment payment plans are not affected by the delay or proposed changes. There also is no impact on Invest529 and CollegeAmerica, Virginia529’s two Morningstar top-rated 529 savings programs open to new accounts at any time, year-round.

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Resources to help you learn

Virginia529 offers free, in-person information sessions at locations across Virginia. These hour-long sessions highlight the program’s three plans, explain the benefits to account owners and give you the chance to get your questions answered. If you don’t live near one of our in-person sessions, Virginia529 offers online webinars where you can learn more from the comfort of your own home.