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answer is not D All of the following statements concerning education funding are correct EXCEPT: Prepaid Tuition Plans are plans where prepayment of college tuition
answer is not D
All of the following statements concerning education funding are correct EXCEPT: Prepaid Tuition Plans are plans where prepayment of college tuition is allowed at current prices (plus a small premium in some plans) for enrollment in the future. QTPs allow for tax free distributions to pay for a broad range of qualified expenses including a computer and room and board. One of the disadvantages of QTPs is that the owner/contributor shares control of the account with the student/beneficiary. A Savings Plan is a type of QTP where the owner of the account contributes cash to the account so that the contributions can grow tax deferred Step by Step Solution
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