PACT program receives changes - WBRC FOX6 News - Birmingham, AL

PACT program receives changes

MONTGOMERY, AL (WBRC) - The legislative council that oversees Alabama's prepaid college tuition program is making some changes.
Parents who withdraw their money from the PACT will no longer be paid interest. Previously, they would receive 1% interest.

Another rule change approved provides that a PACT contract expires when a student graduates, even if the student has more hours of class available on the contract.

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