Examples of Prepaid Plan in a sentence
The Board has seven members who establish policy and monitor performance for the Prepaid Plan and the 529 Savings Plan.
The tuition contract revenues and tuition contract benefits and expenses represent current revenues and expenses of the Prepaid Plan.
Because the Prepaid Plan is closed to new enrollments, the revenues and expenses related to such accounts are determined directly and solely by actuarial assumptions, estimations, and economic factors, such as the actuarial interest rate, tuition growth projections, account cancellations, economic inflation, beneficiaries’ choices of schools, and actual experience versus actuarial expectations.
However, throughout 2018, employment growth decelerated as the effects of the late- 2017 market frenzy abated.
The 529 Savings Plan, unlike the Prepaid Plan, is not guaranteed to pay all or any part of the costs of a postsecondary education.