Fitch: 2014 earliest to open prepaid college plan

Mississippi’s prepaid college tuition plan likely won’t be reopening for additional enrollments until sometime next year at the earliest, according to State Treasurer Lynn Fitch.

Like most investors, the Mississippi Prepaid Affordable College Tuition plan had an excellent first quarter in the stock market. That could cut its projected shortfall. But the board that runs the plan voted Wednesday to trim its assumption about how much money the fund will make on future investments. Under accounting rules, that will drive up the amount of the shortfall.

Sun Herald