You may recall my somewhat less than warm reception to pre-paid tuition plans several weeks ago. It turns out that I was not the only one to have misgivings and several states have now called a halt to the program before it turns into a nightmare. "The problem... is that states now face double-digit tuition hikes – not the 5 to 7 percent increases that most states banked on when they developed their prepaid plans," creating an actuarial shortfall. Yeah, who could have seen that coming?
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