This character explainer video for CollegeWell introduces the Private College 529 Plan, the only 529 plan that locks in tuition rates at nearly 300 private colleges nationwide, including Duke, Notre Dame, MIT, and Stanford. The video explains how the plan guarantees tuition rates despite market fluctuations, offering substantial savings as tuition costs rise. Families benefit from tax-deferred growth and tax-free withdrawals when used for qualified expenses, with various contribution options and flexibility in college choice.

Character explainer videos like these are great for simplifying complex financial concepts, engaging viewers, and providing clear, actionable information.