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
外语
States are considering major changes in prepaid college tuition programs - raising prices, restricting participation of cancelin
States are considering major changes in prepaid college tuition programs - raising prices, restricting participation of cancelin
admin
2013-01-29
69
问题
States are considering major changes in prepaid college tuition programs - raising prices, restricting participation of 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 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 hear 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 < Saving for College. 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.
Many states plan to modify their prepaid college tuition programs ______.
选项
A、under the mounting financial pressures
B、because of deficient college facilities
C、to ease overcrowding problems in college
D、to limit the participation of low-income families
答案
A
解析
转载请注明原文地址:https://kaotiyun.com/show/zd1O777K
0
考博英语
相关试题推荐
Securityandcommodityexchangesaretradingpostswherepeoplemeetwhowishtobuyandsell.Theexchangesthemselvesdonotr
Inrecentyears,universitiesandcollegesinChinahavebeenexpandingtheirenrolmentTherefore,moreandmoreyoungpeopleca
Thepercentageofimmigrants(includingthoseunlawfullypresent)intheUnitedStateshasbeencreepingupwardforyears.At12.
Thereareanumberofformatsforreportingresearch,suchasarticlestoappearinjournals,reportsaddressedtofundingagenc
Cityofficialsareconsideringbuildingapathtogivethepublic______tothesite.
SoengrossedwasthedetectiveinconsideringtheevidencethathecompletelyforgotwhereBewas.
Thestructureoftheglobaleconomy______thatdevelopingnationsputalltheireffortsintoraisingcash—usuallybyexportingwh
Thereweretwowidelydivergentinfluencesontheearlydevelopmentofstatisticalmethods.Statisticshadamotherwhowasdedi
随机试题
随风吹笛林清玄远远的地方吹过来一股凉风。风里夹着呼呼的响声。侧耳仔细听,那像是某一种音乐,我分析了很久,确定那是笛子的声音,因为箫的声音没有那么清晰,也没有那么高扬。由于来得遥远,使我对自己的判断感到怀疑;有什么人的
HCV抗体检测的窗口期是
沥青延度试验中,如发现沥青细丝浮于水面,则应及时利用酒精将水的密度调整至与试样相近后,继续进行试验。()
()是旅游接待服务的核心和纽带
集装箱提单的正面条款通常由()组成。
在化学学习中开展科学探究活动有利于达成的教学目标是()。
“五位一体”是相互联系、相互促进、相辅相成的统一整体。下列关于“五位一体”内涵的表述,错误的是()。
设总体X~N(μ,σ2),X1,X2,…,X2n(n≥2)是X的简单随机样本,且及统计量统计量Y是否为σ2的无偏估计;
Sincethedawnofhumaningenuity,peoplehavedevisedevermorecunningtoolstocopewithworkthatisdangerous,boring,burd
A、Inadepartmentstore.B、Inahotel.C、Atthecustomsoffice.D、Inabank.D双方在谈论如何取钱的问题,男士希望给他百元的纸币,其余的给零钱。由此看来,对话应当发生在银行。
最新回复
(
0
)