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Winter/Spring 2004 |
Representatives of the two national savings and asset development plans for families that are designed specifically for private colleges and universities made a joint presentation during the Institute. The SAGE Scholars program connects parents and grandparents who hold assets in a range of financial institutions with participating colleges. The Independent 529 Plan, a program of a consortium of colleges and universities, has created a savings plan for families that TIAA-CREF administers. The incentive for family participation in both cases is a modestly discounted tuition, when their child or grandchild eventually enters these institutions. To date, more than 200 CIC institutions participate in one or both of these plans. Click here for presentation resources. Independent |