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College Savings: Information on State Tuition Prepayment Programs

HEHS-95-131 Published: Aug 03, 1995. Publicly Released: Aug 03, 1995.
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Highlights

Pursuant to a congressional request, GAO provided information on state tuition prepayment programs, focusing on: (1) how these programs operate and the participation rates; (2) participants' income levels and options for increasing the participation of lower-income families; and (3) the key issues surrounding these programs.

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Advance paymentsAid for educationBonds (securities)Disadvantaged personsEducation or training costsFederal taxesHigher educationInvestmentsState-administered programsTax credit