Tuition Prepayment Plan (ILAP)
Author: Thomas L. Fitzkee
You have heard about the South Carolina Tuition Prepayment Program (SCTPP) (htpp://www.scgrad.org), but you wonder if it is a good deal. It allows you to prepay your daughter's college tuition and guarantee payment to attend any South Carolina public four-year institution for four years.
Table of Contents:
SETTING THE SCENE
LUMP SUM PAYMENT
Money Market Account
Savings Bonds
Certificates of Deposit
48 MONTHLY PAYMENTS
Money Market Account
Savings Bonds
MONTHLY PAYMENTS UNTIL COLLEGE
Money Market Account
Savings Bonds
COMPARISON OF OPTIONS
SAMPLE SOLUTIONS
Lump Sum Payment
48 Monthly Payments
Monthly Payments until College
Comparison of SCTPP Options
REFERENCES
ABOUT THE AUTHOR
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