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Which of the following statements, if any, is (are) correct? I. Prepaid Tuition plans are plans, whereby the prepayment of college tuition is at current

Which of the following statements, if any, is (are) correct?

I. Prepaid Tuition plans are plans, whereby the prepayment of college tuition is at current tuition prices for future enrollment.

II. A disadvantage of a QTP (qualified tuition plan) is that the owner / contributor must relinquish control of the account, and share control of the funds with the student / beneficiary.

A. I only

B. II only

C. Both I and II

D. Neither I nor II

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