Saving Alabama's PACT Program?

MONTGOMERY, Ala. (AP) - Two Republican legislators are working
on a plan to shore up Alabama's financially troubled prepaid
college tuition program without using state tax dollars.
Sen. Scott Beason of Gardendale and Rep. Robert Bentley of
Tuscaloosa say their plan would move the tuition program's assets
from the stock market to an annuity.
Then they propose doing away with a state law that allows
out-of-state students living within 50 miles of an Alabama college
to pay in-state tuition. They say that would generate $25 million
annually in higher tuition payments that would go toward the
tuition program.
They also propose requiring all out-of-state students to pay the
full cost of their education at a state university. That extra
money would also go toward the tuition plan.

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