ERIC Number: ED432169
Record Type: Non-Journal
Publication Date: 1997-Oct-21
Reference Count: N/A
State Sponsored College Savings and Prepaid Tuition Programs.
This report provides an overview of state-sponsored college savings and prepaid tuition programs. It notes that as of October 1997, 41 states had one or more state-sponsored college savings or prepaid tuition programs. The report explains that state-sponsored savings plans provide certain incentives for savers through a number of different financing or taxing mechanisms, while prepaid tuition plans allow individuals to prepay or pay into special funds or trusts over a period of years with the guarantee of payment of tuition at an institution of higher education at a later point in time. The report goes on to provide brief descriptions of college savings and prepaid tuition programs--or legislative activity to establish such programs--in Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin, and other states. An appendix provides a listing of current college savings and prepaid tuition programs. (MDM)
Publication Type: Reports - Descriptive
Education Level: N/A
Authoring Institution: Kansas State Legislative Research Dept., Topeka.