With the market continuing its declines, many parents are looking to lock in tuitions through prepaid 529 options, which are available in 12 states, The Wall Street Journal reports.

Such plans permit parents to lock in today’s tuition rates. However, they are usually only available for state schools for the state in which the investor lives.

The state requires parents to pay either the full tuition or a portion of it, and they manage the money. If a parent pays only a portion of the tuition fee, only that amount is credited toward future tuition bills.

Today, prepared plans 529 plans have $16.3 billion in assets, compared with $103.4 billion in regular 529 plans.

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