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Ala House OKs plan to rescue ailing PACT program
By Lower chamber approves bill to save money starved PACT plan
Montgomery, Al – - The Alabama House has approved a bill to
commit $236 million from the state education budget to guarantee
that tuition is provided for students whose parents and
grandparents invested in the Prepaid Affordable College Tuition
The House voted 102-0 to approve the bill that includes a
provision to cap tuition increases at 2.5 percent for PACT
participants. Colleges and universities have opposed that provision
and it was not included in the version that passed the Senate
The sponsor, Democratic Rep. Craig Ford of Gadsden, said he
hopes a compromise will be reached in the conference committee.
Dozens of parents and grandparents who bought PACT programs
gathered at the Statehouse to urge passage of the bill.