Digital Media Center
Bryant-Denny Stadium, Gate 61
920 Paul Bryant Drive
Tuscaloosa, AL 35487-0370
(800) 654-4262

© 2024 Alabama Public Radio
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Fall 2011 Could Be End For Ala. Tuition Plan

Montgomery, AL – Administrators of Alabama's prepaid college tuition plan say it can't pay tuition after the fall semester of 2011 and still have enough money to provide refunds to the 44,000 participants.

Assistant Treasurer Daria Story and program administrator Brenda Emfinger said it takes $70 million to $80 million annually for tuition. After the fall semester of 2011, the program will be down to about $350 million, which is the amount needed to refund the money that participants paid into the program.

Emfinger and Story said that shows the need for the Legislature to address the program's problems in the current session. The Senate and House have passed separate bills to shore up the program with $236 million, but they can't agree on whether to include a cap on tuition increases.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

News from Alabama Public Radio is a public service in association with the University of Alabama. We depend on your help to keep our programming on the air and online. Please consider supporting the news you rely on with a donation today. Every contribution, no matter the size, propels our vital coverage. Thank you.