首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
States are considering major changes in prepaid college tuition programs—raising prices, restricting participation or canceling
States are considering major changes in prepaid college tuition programs—raising prices, restricting participation or canceling
admin
2015-01-15
34
问题
States are considering major changes in prepaid college tuition programs—raising prices, restricting participation or canceling them——as they grapple, with financial woes. Nationwide, families will likely have to pay more to participate, or accept that they might not cover tuition when children go to college.
Colorado has closed its prepaid plan to new investors and told existing ones that it may not cover future tuition increases. Wisconsin stopped selling its plan on Dec. 20. Maryland and Illinois are among states hiking prices by 20% or more.
Prepaid plans let parents lock in tuition by paying for it now, protecting them against rising costs. But the bear market has hurt investment returns, leaving the plans unable to keep up with big increases in tuition. So far, Colorado is the only state that has told participants their investments may not cover tuition, and no plan has missed a payment.
Other states have said they will fulfill obligations, even if it requires a legislative bailout. Still, the financial problems have forced thousands to grapple with uncertainty— something prepaid plans were designed to avoid. More than 1 million families have an estimated $ 8 billion invested in the plans, says SavingforCollege. com.
Some states, including Colorado, may replace the prepaid plan with a guaranteed investment contract, a CD-like investment that’s backed by an insurance company. Investors get a minimum rate of return, but no guarantee that it will cover tuition.
Wisconsin’s EdVest program is encouraging investment in a stable value fund, which is similar to a guaranteed investment contract, in its investment plan. Wisconsin’s prepaid plan never guaranteed to cover tuition inflation. It also never got a lot of investors, possibly because it lacked that guarantee.
In Florida, a task force is considering limiting the state’s prepaid program to low-income families. Ohio officials are also looking at limiting participation, but it’s a measure they hope to avoid. "Program administrators are looking for alternatives, " says Andrea Feirstein, a state-plan consultant.
Maryland recently boosted its prices by up to 30%; Illinois by up to 23%. The increases have made some prepaid plans uneconomical for parents of older children. In Ohio, the price of one year’s tuition for a child over 12 months old is $ 8,000, more than 40% above current tuition at Ohio State. So it may not be a good deal for children starting college in three or four years because tuition may not jump that much that fast.
The expression "a CD-like investment "(in boldface in Paragraph 5)most probably refers to an investment______.
选项
A、to support civil defense
B、put in producing compact disc
C、to promote show industry
D、like certificate deposit
答案
D
解析
本题应选D。D项意思是“类似定期存款的”,第五段提到了这一点,即这是一种由保险公司支持的投资,投资者可得到非常低的利率,但不能保证这笔投资就能付清学费。
转载请注明原文地址:https://kaotiyun.com/show/4Shi777K
0
在职申硕(同等学力)英语
相关试题推荐
Withthepossibleexceptionofequalrights,perhapsthemostcontroversialissueacrosstheUnitedStatestodayisthedeathpe
ChildrenintheUnitedStatesareexposedtomanyinfluences______thoseoftheirfamilies.
Insomeways,theUnitedStateshasmadespectacularprogress.Firesnolongerdestroy18,000buildingsastheydidintheGreat
IntheUSA,85%ofthepopulationovertheageof21approveofthedeathpenalty.Inthemanystateswhichstillhavethedeath
IntheUSA,85%ofthepopulationovertheageof21approveofthedeathpenalty.Inthemanystateswhichstillhavethedeath
IntheUSA,85%ofthepopulationovertheageof21approveofthedeathpenalty.Inthemanystateswhichstillhavethedeath
TheUnitedStateshashistoricallyhadhigherratesofmarriagethanthoseofotherindustrializedcountries.Thecurrentannual
AleadingBritishscholarhasproposedtranslatingShakespeareintocontemporaryEnglish______youngaudienceswhoareconfused
Wefindthatbrightchildrenarerarelyheldbackbymixed-abilityteaching.Onthecontrary,boththeirknowledgeandexperienc
随机试题
甲状腺下动脉起自
下列哪一类细胞产生IgE
为了保证施工过程中施工人员的安全和健康,施工现场应实行封闭式管理,四周用硬质材料进行围挡封闭,在市区内围挡的高度不得低于()m。
卷扬机工作时,由卷筒到最后一个导向滑轮的水平直线距离不应小于卷筒长度的()倍。
招标人甲欲完成一项招标工作,则依我国《招标投标法》规定,以下()活动是必须的。
进出境运输工具从一个设立海关的地点驶往另一个设立海关的地点,尚未办结海关手续又未经海关批准,中途擅自改驶境外或者境内未设立海关的地点的,视同走私行为论处。()
计算抽样平均误差时,若缺少总体方差和总体成数,可采用的方法有()。
我国目前建立的预算绩效评价体系所要达到的目标是()。
4。A公司是一家上市公司,于2007年5月6日由B企业、C企业等6家企业作为发起人共同以发起设立方式成立,2010年8月9日,A公司获准发行5000万股社会公众股,并于同年10月10日在证券交易所上市。2011年3月,中国证监会在对A公司进行例行检查中,发
关系模型允许定义三类数据约束,下列不属于数据约束的是
最新回复
(
0
)