Posted by Colby Rogers - email
RICHMOND, Va. (AP) - The Virginia College Savings Plan is extending the deadline to lock in the cost of future tuition and fees at public colleges in the state.
The new deadline announced Monday is March 15. The original three-month enrollment period was to end this month.
The extension reflects increased demand for the Virginia Prepaid Education Program - up nearly 15 percent from last year.
VPEP allows parents and others to purchase credits at current rates to cover a child's tuition and fees at any state-supported university or community college.
The money is pooled in long-term investments with the goal of matching or exceeding how much tuition costs when the child is ready to go to college.