Thursday, June 13 2013 7:20 PM EDT2013-06-13 23:20:09 GMT
Summertime is sun, fun, beaches, mountains, swimming pools, golf courses and yes for those in school, a break. But it can also be a special time to create lasting memories for families with children aroundMore >>
Summertime is sun, fun, beaches, mountains, swimming pools, golf courses and yes for those in school, a break. But it can also be a special time to create lasting memories for families with children aroundMore >>
Tuesday, June 11 2013 7:20 PM EDT2013-06-11 23:20:09 GMT
The recent Map the Meal Gap report issued by Feeding America highlighted what we at the Montgomery Area Food Bank have been witnessing over the past several years- more families than ever are in need ofMore >>
The recent Map the Meal Gap report issued by Feeding America highlighted what we at the Montgomery Area Food Bank have been witnessing over the past several years- more families than ever are in need ofMore >>
Thursday, June 6 2013 7:20 PM EDT2013-06-06 23:20:03 GMT
We think it's important to share and comment on analysis made by reputable organizations regarding important issues that affect Alabamians. The Rand Corporation, as reported by WSFA 12 News earlier thisMore >>
We think it's important to share and comment on analysis made by reputable organizations regarding important issues that affect Alabamians. The Rand Corporation, as reported by WSFA 12 News earlier thisMore >>
Tuesday, June 4 2013 7:20 PM EDT2013-06-04 23:20:06 GMT
By know you've heard that ASU's interim President has secured legal counsel for and I quote, "university officials in their personal and official positions regarding the agreed upon procedures of the forensicMore >>
By know you've heard that ASU's interim President has secured legal counsel for and I quote, "university officials in their personal and official positions regarding the agreed upon procedures of the forensicMore >>
Friday, May 31 2013 11:17 AM EDT2013-05-31 15:17:01 GMT
If your job was to promote healthy living and lifestyles of seniors living in Alabama - it just got a whole lot harder. A study by the United Health Foundation just announced its first American's HealthMore >>
If your job was to promote healthy living and lifestyles of seniors living in Alabama - it just got a whole lot harder.More >>
Want to reply or make an editorial suggestion? Email Collin Gaston, V.P. & G.M. of WSFA 12 News.More >>
Want to reply or make an editorial suggestion? Email Collin Gaston, V.P. & G.M. of WSFA 12 News.More >>
MONTGOMERY, AL (WSFA) -
Most would agree that prepaid college programs are a good idea. Lock in college tuition at current rates and when you head off to college your costs are covered at future rates.
Unfortunately approximately 30,000 individuals representing 40,000 separate Alabama PACT contracts are in a tough spot right now as the program will not have enough money to cover full tuition at current and future costs.
2008 was a tough year on PACT as investments to fund the program dropped in value and costs for college rose.
A legal settlement has been put on hold by the Alabama Supreme Court that would have offered a solution to keeping PACT alive. The solution came with a steep price tag of almost $5 million in legal fees and tuition being paid only at 2010 rates with parents paying the difference.
This is a bitter pill for those families now having to find ways to fund college. The fact is a lot of things happened in the last 3 years that were unforeseen in the financial markets and we need to deal with the realities as best we can. Good, bad or indifferent.
Behind door number 1 is a legal solution to keep PACT going and behind door number 2 is the program dissolving and participants getting their money back. We would support opening door number 1.
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