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Tue March 17, 2009
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Alabama's Two Year College Chancellor Weighs In on Prepaid College Tuition Plan

Montgomery, Alabama –
(AP) - The chancellor of Alabama's two-year college system says he will recommend that the State Board of Education waive tuition increases for three years for participants in Alabama's prepaid college tuition plan.
Byrne serves on the plan's 10-member board. He said Monday about
one-fifth of the college students in the plan attend a two-year
college. That's more than 1,900 students.
Byrne says waiving tuition increases is one part of a multi-part
solution being developed by the plan's board to deal with dwindling
assets.
The plan has been heavily invested in the stock market and has
lost nearly half of its assets since September 2007.