When the future of the states prepaid college-tuition program was being debated this year, lawmakers often asked whether concerns about solvency and value might cause investors to stop buying into the program.
The answer, it seems, is a qualified no.
Last week was the deadline for families to open new accounts under the states Guaranteed Education Tuition (GET) program. And while the number of new accounts created is down from last year, the number of units sold is up.
The program allows parents and other relatives to prepay college tuition costs at a premium. Under GET, 100 units which this year cost $17,200 pays for the equivalent of a years tuition and state-mandated fees at the states most expensive institution.