The Ohio Tuition Trust has the perfect solution for children on your holiday shopping list: prepaid college tuition. It doesn’t need to be assembled, it doesn’t require batteries and it won’t break a week later. And it is a truly meaningful lasting gift for your special child.
The Ohio Prepaid Tuition Program offers an amazingly affordable gift option. During the holidays and until the end of January, families can open an account in the Ohio Prepaid Tuition Program for only a $30 enrollment fee — a $20 savings off the standard $50 enrollment fee. Families enrolling a newborn child can enroll at anytime of the year at a discounted enrollment fee of $25. Prepaid tuition units can be purchased for only $45.50, or less, depending on the purchase option chosen.
Grandparents can save $10 off the enrollment fee in the Ohio Prepaid Tuition Program with their Golden Buckeye card. To receive the Golden Buckeye card discount, card members must attach a photocopy of their card to their prepaid tuition contract form.
To give the gift of prepaid tuition to a child not currently enrolled in the program, family and friends can call 1-800-AFFORD-IT (233-6734) to request an enrollment packet for the Ohio Prepaid Tuition Program. Families and friends can also request and download the enrollment packet at .
“The enrollment packet provides all the information a family needs to immediately open a prepaid tuition account. We recommend presenting the enrollment packet with a check or money order for the enrollment fee to the family of the child. The child’s parents can then complete the prepaid tuition contract form needed to start the account. Prepaid tuition makes a unique and thoughtful gift for a child, especially when combined with a small traditional gift of a toy or book that the child can enjoy more immediately. It’s true that this gift may not be appreciated today as much as the latest toy, but it will provide the child life-long value when he or she enrolls in college,” said Barbara Jennings, executive director for the Tuition Trust.
The 1998-99-enrollment campaign offers Ohio prepaid tuition units at the affordable price of $45.50 or at the autopayment price of $43.50 per unit. In 1998-99, the average Ohio public university tuition already costs more than $4,300. Each unit purchased represents 1 percent of future weighted average annual tuition at Ohio public universities. Families currently enrolled in the prepaid program, and all new families who enroll during this 1998-99 enrollment period, are able to lock in this 1998-99 cost of college throughout this pricing year which lasts until September 30, 1999. Even further discounting of tuition unit pricing is available depending on the age of the child enrolled and the number of units being purchased at one time.
Although prepaid tuition is valued at the rate of Ohio public university tuitions, tuition units can ultimately be used at any accredited public or private college in the country. Ohio’s prepaid tuition can also be used for graduate school and room and board costs, offering even greater flexibility of use in the future.
The Ohio Tuition Trust Authority was created by the Ohio General Assembly in 1989 to promote savings for higher education. Through the Ohio Prepaid Tuition Program, parents can start paying for college tuition and fees while their children are young by purchasing tuition units. The Ohio Prepaid Tuition Program offers a straight forward, simple, safe and affordable way for families to save for college. The program currently has more than 73,000 participants and more than $340 million in total assets. Ohio families can learn more about the Ohio Prepaid Tuition Program or receive an enrollment kit by calling 1-800-AFFORD-IT (233-6734) or by visiting our Web site at .Details