Sentences with phrase «prepaid tuition fund»
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There are two main types: A prepaid tuition plan (the only kind higher education institutions can offer) and a savings fund, according to the College Savings Plan Network.
Investments in SMART529 are not guaranteed or insured by the State of West Virginia, the Board of Trustees of the West Virginia College Prepaid Tuition and Savings Program, the West Virginia State Treasurer's Office, Hartford Life Insurance Company, The Hartford Financial Services Group, Inc., the investment sub-advisors for the Underlying Funds or any depository institution and are subject to investment risks, including the loss of the principal amount invested, and may not be appropriate for all investors.
The funds you contribute to a prepaid tuition plan may be guaranteed by your state, but generally you are restricted to certain low risk investments and there are some limitations on what schools the student will be able to attend.
The Maryland Prepaid College Trust invests your payments to fund your future tuition payments.
Recently, Texas started the Texas Tuition Promise Fund which is a prepaid college savings plan.
A prepaid tuition plan purchases semesters at college and the plan controls how funds are invested.
The S&P 500 dropped 39 % in value in 2008, causing some state 529 college savings plans to lose money and many prepaid tuition plans to have actuarial funding shortfalls.
Unlike the case with prepaid tuition plans, contributions can be used for all qualified higher - education expenses (tuition, fees, books, equipment and supplies, room and board), and the funds usually can be used at all accredited post-secondary schools in the United States.
Most people have heard about the original form of 529, the state - operated prepaid tuition plan, which allows you to purchase units of future tuition at today's rates, with the plan assuming the responsibility of investing the funds to keep pace with inflation.