Bill would create a new prepaid state tuition fund
The state's prepaid college-tuition program, known as the Guaranteed Education Tuition (GET) program, would be a little less generous for people who buy credits after March 31 of this year under a bill that has been introduced in the state Senate.
The changes are being proposed because tuition is rising rapidly at the state's public colleges and universities, and GET is not keeping up. The program is solvent today, but if every family enrolled in the program tried to cash in at the same time, it would only be able to pay out 86 percent of benefits, leaving a $255 million shortfall, according to one state study.