prepaid tuition plan

Definition

A college savings plan that is guaranteed to increase in value at the same rate as college tuition. For example, if parents invest enough in a plan to cover one year's tuition at the current rate, the plan will pay for one year's tuition when their child is ready for college, no matter how much tuition has increased. These plans, which are run by state governments, apply to tuition rates at public colleges. If a student decides to go to a private college, he or she will receive an amount that corresponds to public college tuition rates. Some private colleges also offer prepaid tuition plans.

单词	prepaid tuition plan
释义	prepaid tuition plan Definition A college savings plan that is guaranteed to increase in value at the same rate as college tuition. For example, if parents invest enough in a plan to cover one year's tuition at the current rate, the plan will pay for one year's tuition when their child is ready for college, no matter how much tuition has increased. These plans, which are run by state governments, apply to tuition rates at public colleges. If a student decides to go to a private college, he or she will receive an amount that corresponds to public college tuition rates. Some private colleges also offer prepaid tuition plans.
随便看	risk measurement risk mitigation risk neutrality risk-neutral measures risk of loss risk of ruin risk participation risk perception risk philosophy risk policy risk pool risk position risk premium risk profile risk propensity risk quantification risk rate risk reduction risk response risk retention risk retention groups risk/reward tradeoff risks, constraints, and assumptions risk selection risk sharing