PACT parents meet to discuss options to save the program

Posted by: Melissa Johnson - bio | email

Huntsville, AL (WSFA) - Parents in the PACT Program hope there is power in numbers.

Participants in the state's Prepaid Affordable College Tuition Program are joining forces to send a message to lawmakers.

They have formed a group called "Save Alabama Pact", and Saturday, they held a meeting in Huntsville to discuss their options.

Alabama's 2009 Legislative Session ended without a clear solution to PACT's money woes.

The group is hoping to eventually form a powerful voting block that will force lawmakers to act.

Donna Preacher called Saturday's meeting.  She says, "There is anger among a lot of our people and rightly so.  We just expect the State of Alabama to honor its commitment. We made contracts with them, whether guaranteed or not, they were contracts, and we expect them to honor them."

PACT has lost more than $400 million dollars in the past two years because of the downturn in the stock market.