November 29, 2004

Prepaid tuition plans feel strain

From Virginia to Texas, a growing number of public universities are seeking to redefine their relationships with their state governments and the taxpayers who historically supplied billions to support the schools. This is raising potential new problems for already troubled prepaid tuition programs, which have struggled as investments foundered and tuitions increased in recent years. Michigan's savings plans give parents a chance to prepay their children's college tuition.

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