ASU waives increases for prepaid tuition plan

MONTGOMERY, Ala. (AP) - Alabama State University is offering help to the state's financially ailing prepaid college tuition plan.

University President William Harris says ASU will begin a three-year waiver of tuition increases for current and future students in the Alabama Prepaid Affordable College Tuition Plan.

Harris said Friday ASU is having its own financial challenges, but the university wants to help students in the program.

Troy University announced the same three-year waiver earlier in the week.

The tuition plan has lost nearly half of its assets since September 2007 due to falling stock prices.

Earlier in the week Troy University announced plans to help students in much the same way.

(Copyright 2009 by The Associated Press. All Rights Reserved.)