ERIC Number: ED440567
Record Type: Non-Journal
Publication Date: 2000-Mar
Reference Count: N/A
Prepaying & Saving for College: Opportunities and Issues. Policy Perspectives No. 3.
Jennings, Barbara M.; Olivas, Michael A.
This publication provides an overview and discusses underlying issues of the college savings and prepaid tuition plans that are emerging in the states. Two papers offer different vantage points on college savings and prepaid plans in financing postsecondary education. The first paper, "The Evolution of State Plans" (Barbara M. Jennings), discusses taxing history, prepayment versus investment plans; treatment of accumulated savings/prepaid tuition when families apply for financial aid; the added value of prepaid tuition plans; pros and cons of various choices; and promoting family responsibility to save. The second paper, "Second Generation Progress and Problems" (Michael A. Olivas), discusses various policy concerns, including: equity implications; institutional implications; and legislative implications. Following the two papers, a colloquy on the issues between Lawrence Gladieux, executive director of the College Board, and the two authors covers such questions as: "Do We Need a National Tuition Savings Plan?""How Can We Assure Student Choice?""What Happens in the Next Recession?""Who Benefits?" and "How Can We Extent the Wonders of Compound Interest to All?" Three appendixes present tables of state prepaid programs, tables of state savings programs, and contact information. (Contains 10 references.) (SM)
Descriptors: Educational Finance, Family Financial Resources, Higher Education, In State Students, Parent Responsibility, Paying for College, Postsecondary Education, State Programs, Statewide Planning, Tuition
College Board Publications, Box 886, New York, NY 10101-0886 ($12 plus $4 shipping and handling). Tel: 800-323-7155 (toll-free); Web site: http://www.collegeboard.org.
Publication Type: Reports - Descriptive
Education Level: N/A
Authoring Institution: College Board, Washington, DC. Washington Office.