which plan will allow you to lock in todays tuition price for the future and are based on instate public tuition averages
prepaid tuition
The plan that allows individuals to lock in today’s tuition price for the future and is based on in-state public tuition averages is commonly known as a prepaid tuition plan. Prepaid tuition plans are offered by various states and allow individuals to pay in advance for today’s tuition prices, which helps them protect against future tuition increases.
When an individual enrolls in a prepaid tuition plan, they essentially purchase a specific number of college credits at current tuition rates. These credits may then be redeemed in the future when the student attends an eligible college or university. Prepaid tuition plans are typically offered by state governments, and the cost may vary depending on the state.
It’s important to note that prepaid tuition plans usually only cover in-state public universities and colleges and may not include private colleges or universities. Therefore, individuals who are considering a prepaid tuition plan should research the offerings of their state and carefully consider whether the plan will meet their future educational needs.
More Answers:
Maximizing Profitability: Understanding Cost of Goods Sold (COGS) and Its Significance in Your BusinessUnderstanding the Use of Periods in English: Examples of Statements Between Sentences
Understanding Interest Rate Risk: Long-Term AAA Rated Bonds and Liquidity