Greenwood Commonwealth – Don’t burden taxpayers with underfunded prepaid tuition

Greenwood Commonwealth – Don’t burden taxpayers with underfunded prepaid tuition

State Treasurer Lynn Fitch, who encouraged the shutdown of Mississippi’s prepaid college tuition program last year, wants to open it to new participants, probably in 2014.

Parents and grandparents should be forewarned: Those who set aside money for college in the coming years will not get as good a deal as people already in the program.

Blame that on the 5-year-old economic slump. The program’s investments are supposed to return almost 8 percent a year, which exceeds the anticipated college tuition increase of 6 percent a year.

5/12/13