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So we all know college can be expensive I don't have to tell you that if you're a parent you already know but listen we live in a state where they are trying to help you and help you early Nevada has a prepaid program to help students and their parents deal with the rising costs and joining us today with more information is our deputy treasurer of Nevada sheila Salween, and also we have a couple of recipients of a pretty nice check for prepaid tuition it's Vanessa Salazar, and she is adorable and also her mom Rachel, so it's good to have all of you on the show this is not a jackpot check okay for Power ball but listen you'll feel like you hit the jackpot if you get in on this program early because as expensive as college is you want to get a start early as possible right Sheila absolutely yeah so let's talk a little about how this program works yep, so this is one of eleven programs open in the country yeah that allows parents to lock in tuition at today's rates for their children and newborn to ninth grade, and they use those benefits in state they're paid tuition is a hundred percent Wow they use it out of state it will pay whatever the current rate is at that time little Vanessa goes to college to whatever school that she decides to attend that's so cool so basically what you're saying is if we start now paying into this the state would whatever the tuition goes up to by the time little Jessica gets to college age, but she has a nice little check to help her out too right then you're going to pay that tuition rate because they paid into this that's right, and he locked in at the 2019 rates and if they take it out of state explain again because your daughter did this you sure absolutely, so tuition continues to go up every year he's gone up four percent the last four years in the state of Nevada right those increases will benefit the purchasers of prepaid tuition because we will pay those increases along with the current tuition rate to the state that are to the University that the student goes to right got you at the rate that you would have paid for the in-state institution here in Nevada right you'll pay that toward the state tuition which still helps it's still held every little helps and this one stellar you have to borrow on the backend exactly Rachel tell us what it means to you to be able to receive this because I understand Vanessa now she was a contest winner right yeah being able to receive some six thousand dollars toward our tuition I know it's really a big help me buy the prepaid tuition is really a big help in planning for their college yeah, and it's less worry for me and I have peace of mind yes absolutely not Janice how old are you're eight years old do you already think about college at eight years old you do oh my gosh you're ahead of the curve you are so smart okay so tell me your favorite subject in school reading that's fantastic it's so important to read what's your favorite book look at the food whew I like you too...
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