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The average cost of tuition and fees at four-year private colleges and universities has grown from $34,970 for the 1994-1995 school year to $58,600 for 2024-2025, according to CollegeBoard.
In Oklahoma, there are two: direct- and advisor- sold savings plans, Oklahoma 529 and OklahomaDream 529, respectively. The bill has a wide range of support from educational and parental rights groups.
In contrast, for K-12 private school expenses, only the cost of tuition can be paid from a 529 plan without penalty. Up to $10,000 a year can be used here.
For example, a 529 plan in which $2,000 is deposited each year for 18 years would accumulate over $4,000 in fees with a 1.1% expense ratio but only $1,400 in fees with a 0.4% expense ratio – a savings of $2,600. Generally, direct-sold 529 plans have lower fees than advisor-sold 529 plans. [27]
Here’s who should consider a 529 prepaid tuition plan. ... plans allow you to lock in future in-state tuition for your child at today’s tuition costs. Like other types of 529 plans, you may ...
Oklahoma Treasurer Todd Russ says the plan was a bipartisan success story, and he's hoping to increase participation in rural areas. Oklahoma 529 college savings plan has passed a major milestone ...
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