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All of the following are characteristics of prepaid tuition plan except which |
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Answer» __________________________________A 529 prepaid TUITION plan is a WAY to pay the cost of tomorrow’s COLLEGE-inflated tuition prices at current costs.A prepaid tuition plans allows an individual to pay for a certain number of semesters (or contracts) that can be REDEEMED in the future. These program administrators then pool the money and make long-range investments so that the earnings meet or exceed college tuition increases. When a child is ready to go to college, the plan TRANSFERS funds to cover the tuition directly to the institution.__________________________________ |
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