More than 270 private colleges across the nation have joined together to form Tuition Plan Consortium, the not-for-profit organization that sponsors Independent 529 Plan.
Independent 529 Plan operates under the direction of the Tuition Plan Consortium board, which is composed of twenty-one Directors who are officers of independent colleges or affiliated organizations. All costs of administering the program, managing the assets, and running the Tuition Plan Consortium office are paid for by the annual management fee of 1.25% of assets, which is paid by the member colleges.
