Nevada Prepaid Tuition FAQs

Can this Program be used together with scholarships?

A. Yes. The Program may be used in conjunction with a partial scholarship, including the Governor Guinn Millennium Scholarship. If the scholarship equals or exceeds the Contract benefits, the Purchaser may transfer the Contract to another qualified Beneficiary  who is a Family Member, cancel the Contract and request a refund, [...]

By |2020-09-15T10:03:43-07:00September 15, 2020|Comments Off on Can this Program be used together with scholarships?

What happens if my child decides not to go to college?

A.You may transfer the Contract to another qualified Beneficiary who is a Family Member, defer use of the Contract in effect, as the Beneficiary has 6 years post high school graduation to use their benefits, or you may cancel your Contract and request a refund. 

By |2020-09-15T10:02:49-07:00September 15, 2020|Comments Off on What happens if my child decides not to go to college?

Can this Program be used at an out-of-state school?

A. Yes. Contract benefits may be used at any Eligible Educational Institution nationwide. See www.fafsa.ed.gov to verify if a school is eligible. However, the cost of In-State Credit Hour rates the Program will pay to any private or out-of-state college or university will not exceed what the Program would have paid to either a [...]

By |2020-10-06T17:12:35-07:00September 15, 2020|Comments Off on Can this Program be used at an out-of-state school?

What if I suddenly can’t make the monthly payment on my Contract?

A.You may be able to convert the Contract to a lower cost Contract, increase the years you pay on the Contract to lower the monthly payment, or close the Contract and request a refund. Contact the Prepaid Tuition Office to discuss the specific [...]

By |2020-10-06T17:09:02-07:00September 15, 2020|Comments Off on What if I suddenly can’t make the monthly payment on my Contract?

Does the purchase of a Contract ensure that my child will be admitted to a college or university?

A. No. A Beneficiary must meet the admissions requirements of the college of his/her choice and maintain the required academic status. The Program does not guarantee acceptance to, or Nevada residency at any college or university.

By |2020-09-15T09:58:29-07:00September 15, 2020|Comments Off on Does the purchase of a Contract ensure that my child will be admitted to a college or university?

What will a Contract pay for?

A. A Contract will pay the in-state undergraduate basic per Credit Hour cost for course work as established by the Nevada Board of Regents at either two or four-year public colleges and universities [...]

By |2020-09-15T09:57:44-07:00September 15, 2020|Comments Off on What will a Contract pay for?

May two people jointly purchase a Contract?

A. No. Only one Purchaser is allowed to own a Contract. However, other individuals may make gifts and payments toward the Contract. The Purchaser may also appoint a legal successor for the Contract in the event of their [...]

By |2020-09-15T09:57:05-07:00September 15, 2020|Comments Off on May two people jointly purchase a Contract?

When can I purchase a Contract?

A. Open Enrollment dates are set annually. For the 2022 enrollment period, Contracts may be purchased between November 1, 2021, and April 15, 2022.  

By |2021-09-24T10:20:08-07:00September 15, 2020|Comments Off on When can I purchase a Contract?
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