
prepaid college tuition plan is fighting off litigation as it
prepares to meet Tuesday to figure out how to keep paying students'
tuition with plunging assets.
The board will convene at the Capitol auditorium at 10 a.m. to
try to deal with assets that have lost nearly half their value in
the last 1½ years.
The chairwoman, State Treasurer Kay Ivey, says the board will
make a definitive statement about summer and fall tuition for
participants.
Two participants, Allen R. Hudson and Nina McGinnis, filed suit
late last week in Calhoun County Circuit Court against Ivey and the
companies that make the program's investments. The suit accuses the
defendants of negligence and breach of contract.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
Prepaid College Tuition Fund Drying Up








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