W.Va. prepaid tuition plan nearly 100 pct funded
CHARLESTON, W.Va. (AP) — West Virginia officials say the state's prepaid tuition plan is nearly 100 percent funded.
State Treasurer John Perdue said Wednesday that the West Virginia Prepaid Tuition Plan is positioned to honor all contracts it maintains for those who have invested in the plan.
According to the latest figures, the plan is 98.8 percent funded and there are 6,063 active prepaid tuition plans.
Officials say that means the assets of $95.4 million would cover nearly all required future tuition and fees expected to be paid for active accounts
The figures include unclaimed property funds approve by state lawmakers to help fill any funding gaps.