UIndy becomes the 13th private college in Indiana to participate in CollegeWell’s Private College 529 Plan

Indiana is home to a robust number of private colleges and universities that play a vital role in the state’s higher education system and economy. That network grew today as the University of Indianapolis (UIndy) announced it joined CollegeWell’s Private College 529 Plan, a national network of hundreds of private colleges and universities, including 12 in Indiana: Butler University, DePauw University, Earlham College, Franklin College, Holy Cross College, Indiana Wesleyan University-Marion, Rose-Hulman Institute of Technology, Saint Mary’s College, University of Evansville, University of Notre Dame, Valparaiso University, and Wabash College.

“At UIndy, we believe college should be both accessible and transformative,” said Dr. Tanuja Singh, President of the University of Indianapolis. “By joining the Private College 529 Plan, families have yet another way to plan for the future and we ensure private higher education remains within reach for students in our state and across the country.”

The Private College 529 Plan allows families to lock in today’s tuition rates at participating institutions, giving them peace of mind in an era of rising college costs. Families can save tax-free and later redeem pre-paid tuition at any member college or university. Unlike traditional 529 plans, the percentage of tuition a family secures is guaranteed, ensuring their savings keep pace with tuition increases.

“We are thrilled to welcome the University of Indianapolis into the Private College 529 Plan,” said Bob Cole, President and CEO of CollegeWell and Private College 529. “Indiana is home to one of the strongest private college networks in the country, with institutions that attract students from all over the state and nation. UIndy’s participation reinforces how these institutions are working together to expand affordability and options for families.”

Private colleges and universities are a cornerstone of Indiana's educational and economic landscape. With more than double the number of private colleges than public ones, these institutions provide access and choice, as well as contribute significantly to the state’s workforce and regional economies. According to the Independent Colleges of Indiana, the state’s 29 private institutions generate $1.6 billion annually in salaries, wages, and benefits.

Nearly three-quarters of Indiana families send their students to college in-state. Private colleges often boast smaller enrollment and classroom sizes, which means greater access to resources, a more favorable student-to-faculty ratio, and higher graduation rates. Indiana’s private colleges also offer a variety of specialized programs in STEM, arts and humanities, and health sciences, attracting prospective talent from out-of-state and retaining talent within the state.

“Indiana private colleges and universities know how to live their missions well and excel in delivering education in their primary fields of studies and for their student populations,” said Tom Bear, Vice President of Enrollment at Rose Hulman Institute Technology, a member of the Private College 529 plan. “Private colleges are more nimble and responsive. When you look at the list of the plan’s member institutions, it’s clear that UIndy is aligned with highly respected institutions that boast strong outcomes for alumni and the country.”

To learn more about the Private College 529 Plan, visit collegewell.com.

About CollegeWell and Private College 529 Plan

CollegeWell is a pioneering organization committed to transforming the landscape of college savings. Through education and financial tools, CollegeWell provides families with guidance and support to pursue the best higher education opportunities for their children. CollegeWell is the sponsor of Private College 529 Plan, a nationwide, prepaid tuition plan that allows families to lock in tuition rates at nearly 300 private colleges, giving families flexibility and choice while making private college more accessible. For more information, visit collegewell.com.

Purchasers should carefully consider the risks associated with purchases and refunds of Tuition Certificates. The Disclosure Statement contains this and other information about the Plan, and may be obtained by visiting privatecollege529.com or calling 1.888.718.7878. Purchasers should read these documents carefully before purchasing a Tuition Certificate.

CollegeWell and Private College 529 Plan (the Plan) are established and maintained by Tuition Plan Consortium, LLC (TPC), on behalf of the Plan’s member colleges. This material is provided for general and educational purposes only, and is not intended to provide legal, tax, or investment advice, or for use to avoid penalties that may be imposed under U.S federal tax laws. Catalis Regulatory & Compliance, LLC f/k/a Intuition College Savings Solutions, LLC (Catalis) is the Plan Administrator. Participation in the Plan does not guarantee admission to any college or university. Tuition Certificates are neither insured nor guaranteed by the FDIC, TPC, any government agency, Catalis or their respective subcontractors and affiliates. However, Tuition Certificates are guaranteed by member colleges solely for tuition and mandatory fee credits. Tuition Certificates must be held for at least 36 months from the issue date before they can be redeemed to pay for tuition at a participating school. The issue date of a Tuition Certificate is the first date during a plan year (July 1-June 30) that a purchase of a Tuition Certificate is made. Please read the Disclosure Statement and Enrollment Agreement carefully, and please consider your financial objectives and risks before purchasing a Tuition Certificate. TPC, Catalis and their respective subcontractors and affiliates do not provide financial, legal or tax advice. Please contact your attorney or other advisor regarding your specific legal, investment or tax situation.

The refund value of a Tuition Certificate is calculated as your total contributions adjusted for net investment returns up to a maximum increase of 2 percent per year compounded annually. If the refunded amount is not used to pay qualified higher education expenses, the earnings portion will be subject to federal income tax and an additional 10 percent tax penalty. See Disclosure Statement for details.

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