Alabama prepaid tuition plan seesk cash input

MONTGOMERY, Ala. (AP) - The chair of the Prepaid Affordable College Tuition Plan, State Treasurer Kay Ivey, says a three-member committee of the PACT Board is working on legislation that would provide up to $25 million a year from the state education budget or some other source to shore up the program.

The legislation would also turn over management of the program's assets to the Retirement Systems of Alabama, and it would place limits on tuition increases by colleges for the more than 48,000 students in the program.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 42557997 -
Gray Television, Inc.