Stopping the Clock on College Tuition
Eileen Ambrose,
Baltimore Sun,
Sept 05, 2003
I could be wrong, but from where I sit it's a pretty safe bet that this plan is going to crash and burn, costing untold numbers of students their pre-paid tuition. The idea is that you pay for tuition now at today's rates, and receive your education later. The colleges - about 300 private colleges are expected to join the plan - will collect and invest the money, betting that investment returns will cover the cost of rising tuitions. I cannot count the number of ways this plan could go wrong, and if you doubt me, then I have only one word in response. Enron.CRLFCRLF
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