ERIC Number: ED362134
Record Type: Non-Journal
Publication Date: 1993
Reference Count: N/A
Prepaid College Tuition Plans: Promise and Problems.
Olivas, Michael A., Ed.
This book provides a group of articles concerning the equity and efficiency of prepaid college tuition plans. Chapters: (1) introduce the subject; (2) examine the competing financial theories at play in this field; (3) present a study of the Michigan Education Trust's decision to expand its subscriber base by offering a monthly payment option; (4) provide the experience from Florida's prepaid tuition plan, suggesting a sliding-scale feature whereby it may be possible to charge higher amounts for the contracts; (5) examine the tax consequences of college savings plans; and (6) discuss the problem of finding investment strategies whose returns approximate or better the college costs of the future. Articles and their authors are as follows: "Introduction: Financing Higher Education" (Michael A. Olivas); "Prepaid Tuition Plans: An Exercise in Finance, Psychology, and Politics" (Paul M. Horvitz); "The Distribution of Benefits from Prepaid Tuition Programs: New Empirical Evidence About the Effects of Program Design on Participant Demographics" (Jeffrey S. Lehman); "State Prepaid Tuition Plans: Designing a Successful Program" (William Montjoy); "Taxation of Prepaid Tuition Plans and Other Forms of College Expense Assistance" (David Williams II); and "Real-Return Investments as a Tuition Hedge" (Lewis J. Spellman). (Most papers include reference notes.) (GLR)
Descriptors: Access to Education, Educational Finance, Financial Support, Higher Education, Investment, Paying for College, Politics of Education, Program Development, Program Effectiveness, Program Evaluation, State Aid, State Programs, Student Financial Aid, Taxes, Tuition
College Board Publications, Box 886, New York, NY 10101-0886 ($13).
Publication Type: Books; Collected Works - General; Opinion Papers
Education Level: N/A
Audience: Administrators; Policymakers; Practitioners
Authoring Institution: College Board, New York, NY.