Bill to shore up Alabama's tuition program stalled - WSFA.com Montgomery Alabama news.

Bill to shore up Alabama's tuition program stalled

MONTGOMERY, Ala. (AP) - The Alabama Legislature has found that resolving financial problems in the state's prepaid college tuition program is as hard as making money in the stock market.

A bill to shore up the program's finances has not been considered by the Senate, and it will be dead if it is not passed by Thursday.

The tuition program has lost about half of its assets due to drops in stock values.

The bill would shore up the program with state funds and would limit tuition increases for students in the prepaid tuition program.

State Treasurer Kay Ivey, who oversees the program, said the bill has opposition from universities and the Alabama Education Association.

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

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