Participants vent over ailing PACT program

MONTGOMERY, Ala. (AP) - More than 200 participants in the state's prepaid college tuition plan attended a public hearing about the troubled program.

The managing board of the state's Prepaid Affordable College Tuition Plan say rising school costs and the economic downturn mean there's not enough money to pay obligations.

Participants pay a fixed amount when a child is young in anticipation of getting tuition and fees paid at an in-state public university when they finish high school.

But the nearly 49,000 enrolled recently received letters from state treasurer Kay Ivey saying full costs might not be met.

Emotions at Thursday's hearing in Montgomery included fear and defiance, with some telling officials to expect lawsuits if the problem is not fixed.

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