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1989 Survey of College Savings and Guaranteed Tuition Programs [microform] / Aims C. McGuinness, Jr. and Christine P. Paulson
Bib ID 5515897
Format BookBook, MicroformMicroform, OnlineOnline
Author
McGuinness, Aims C., Jr
 
Online Versions
Description [Washington, D.C.] : Distributed by ERIC Clearinghouse, 1989 
62 p. 
Summary

Two major designs have recently evolved for state involvement in college savings plans. The first concept, the tuition prepayment plan, was pioneered by the state of Michigan by passage of legislation in December 1986. The second concept, college savings bonds, was created and enacted the following year in Illinois. When questions arose about the tax status of tuition prepayment plans, other state legislatures began to prefer the college savings bond concept. This report describes how both types of savings plans work and lists a contact person or persons in each state that has passed savings bond plan or prepaid tuition plan legislation. The bulk of the report is composed of descriptions of the specific provisions of each state's program as of November 1989. For the 22 states with savings bond plans, information provided generally includes title of program, operational status, description, price, and implementation status. For each of the 11 states with prepaid tuition plans, information provided includes: title of program, operational status, description, price of the tuition prepayment, portability to another higher education institution, terminations and refunds, transferability to another person, and administrative authority. (JDD)

Notes

Availability: Education Commission of the States, 707 17th Street, Suite 2700, Denver, Colorado 80202-3427 ($5.75).

May also be available online. Address as at 14/8/18: https://eric.ed.gov/

Reproduction Microfiche. [Washington D.C.]: ERIC Clearinghouse microfiches : positive. 
Subjects Educational Finance.  |  Higher Education.  |  Legislation.  |  Program Development.  |  State Programs.  |  Student Costs.  |  Trusts (Financial)  |  Tuition.  |  Savings Bonds Tuition Savings Plans  |  Tuition Investment Programs
Form/genre Reports, Research.
Other authors/contributors Paulson, Christine P., author  |  Education Commission of the States, Denver, CO
Available From ERIC 

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