Business and Personal Finance Dictionary

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• PREPAID TUITION PLANS
  
  Offered through 529 programs and individual colleges, allow parents to lock in today’s tuition rates for their children, no matter how much tuition increases in the future. A parent who pays for a semester’s tuition at today’s rates, for example, would secure a semester’s worth of education at any point in the future, whether it’s 2009 or 2023.
  
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