MONTGOMERY, Ala. (AP) - State Treasurer Kay Ivey wants to shift part of the money in Alabama's prepaid college tuition plan to public and private universities in Alabama. In return, they would guarantee tuition for the students in the plan.
Ivey unveiled her proposal Tuesday at the Alabama Statehouse.
The state treasurer oversees the Prepaid Affordable College Tuition plan, but Ivey made her announcement as a Republican candidate for
She said it would save the PACT plan without using tax dollars.
Ivey has not yet discussed her idea with university presidents.
Ivey's proposal calls for universities to get PACT money based on their past participation in PACT.
PACT would continue to pay tuition for two-year colleges in Alabama.
But it would stop payments to out-of-state universities after May 31, 2015.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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