MONTGOMERY, Ala. (AP) - Participants who thought they had secured finances for their childrens' college education by investing in a now troubled state-run tuition program want Gov. Bob Riley and legislators to intervene.
But it's not clear if that will happen. Riley spokesman Todd Stacey said there's not much the governor can do because he doesn't sit on the board and has no role in administering the Wallace-Folsom Prepaid Affordable College Tuition Plan.
State Treasurer Kay Ivey's office runs the plan and she sent letters warning the program's 49,000 participants about its dwindling finances about two weeks ago. Legislators have gotten a barrage of calls and e-mails since then.