ERIC Number: ED410807
Record Type: Non-Journal
Publication Date: 1997
Reference Count: N/A
Planning for Future College Costs in the SREB States.
This report summarizes the programs in the 15 states of the Southern Regional Education Board (SREB) designed to help parents provide for future college costs. It differentiates between college savings plans, bond programs, and prepaid tuition plans. Differences in the programs of the various states are discussed, such as who can buy a prepaid tuition contract, who may benefit, what contingencies may arise, and refund policies. Federal and state tax implications are mentioned. Recommendations cover the issues that should be explored as states consider prepaid tuition or college savings programs: (1) whether the benefits and requirements of the plan are clear and easy to understand; (2) who the plan is targeting and outreach effectiveness; (3) accommodation for those in the most financial need; (4) data collection for program evaluation; (5) necessity for clearly communicating to the public that benefits cover only a portion of the total cost of attending college? (6) effects of program participation on student eligibility for financial aid; and (7) effects of plans on future college-going rates and enrollment trends. (DB)
Descriptors: Bond Issues, Educational Finance, Eligibility, Higher Education, Money Management, Parent Financial Contribution, Paying for College, Program Effectiveness, State Programs, Student Costs, Student Financial Aid, Tuition
Southern Regional Education Board, 592 Tenth Street, N.W., Atlanta, GA 30318-5790; phone: 404-875-9211; fax: 404-872-1477 ($2.50 handling fee).
Publication Type: Reports - Descriptive
Education Level: N/A
Authoring Institution: Southern Regional Education Board, Atlanta, GA.