The 2012 open enrollment period for the Nevada Prepaid Tuition program concludes on Feb. 28. The program enables Nevada parents, grandparents, and family friends to lock in future college tuition rates at today's prices. In the past 13 years, more than 14,000 Nevada children have been enrolled in the Nevada Prepaid Tuition Program.
Contract purchasers may now complete the entire process online at https://nvprepaid.gov
From newborns to ninth graders, parents have a variety of options to participate in the program. Parents can pay a lump sum, spread the payment out over five years with 60 equal payments, or pay each month from the time of enrollment until the child is ready to start college. The program is fully transferable to private or public out-of-state colleges and universities, and can be transferred to another family member, including a first cousin. A gift option that can be used by other family members and friends to give the gift of a college education is also available.
"The program is especially affordable if parents begin an account for newborn children, with plans starting as low as $36 a month," State Treasurer Kate Marshall said. "The earlier you open an account, the lower the cost."