The Ohio Tuition Trust Authority, a state agency, has offered a way to help Ohio families save for college since 1989. The Tuition Trust offers additional market-based college savings options along with the original guaranteed option to form the CollegeAdvantage 529 Savings Plan.

        As of April 1, the following tuition unit prices will be in effect for the guaranteed plan:

        • $69 per unit for contributions made periodically by check.

        • $67 per unit for contributions made monthly by payroll deduction.

        • $63 per unit for any contributions made on behalf of a newborn.

        Here's how the plans works:

        • CollegeAdvantage is administered by the Ohio Tuition Trust Authority in partnership with Putnam Investments, one of the largest mutual fund companies in the country.

        • 100 tuition units generally provide one year of in-state, undergraduate tuition at an average-priced Ohio public four-year university if units are held until the student is 18 or older.

        • The actual number of tuition units needed to cover tuition will vary based on the actual tuition being charged at an individual institution. Additional tuition units are needed to cover room and board, graduate or professional school, or other educational expenses.

        • People can use their accounts at any accredited college in the country for tuition, fees, room and board, books and other qualified college expenses.

        — Kristina Goetz

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