it has an open enrollment period
Question
Prepaid tuition plans typically allow families to pay for future college tuition at today's rates, providing a hedge against rising costs. They are generally state-sponsored and may have restrictions on which colleges can be attended. However, they do not usually cover additional expenses such as room, board, or fees associated with attending college. Therefore, the characteristic that does not apply is that they cover all college-related expenses beyond tuition.
one covers all college expenses, while the other covers only tuition
529 prepaid tuition plan.(:
529 prepaid tuition plan
C. It has an open enrollment period
Question
Tuition and fees
tuition and fees
Elementary and secondary schools
The characteristic that does not apply to prepaid tuition plans is C. It has a limited enrollment period. Prepaid tuition plans typically have an open enrollment period, allowing families to enroll when it suits them, and they may not be available in every state.
A prepaid tuition plan allows families to purchase tuition credits at current prices, which can be redeemed in the future for the cost of college tuition. These plans typically lock in tuition rates, offering protection against future increases in tuition costs. They can be used at eligible colleges and universities specified by the plan.
Prepaid tuition plan
Prepaid tuition plan
Prepaid tuition plans typically allow families to pay for future college tuition at today's rates, providing a hedge against rising costs. They are generally state-sponsored and may have restrictions on which colleges can be attended. However, they do not usually cover additional expenses such as room, board, or fees associated with attending college. Therefore, the characteristic that does not apply is that they cover all college-related expenses beyond tuition.
locking in current tuition rates for future college education.
Tuition and fees