Which of the following is a type of Prepaid Tuition Plan?
A)Annuity plan.
B)Contract Plan.
C)Endowment plan.
D)Trust plan.

Question

Quizplus · Accepted Answer

Prepaid Tuition Plans are also known as Contract Plans, where the participant purchases credits or units at current tuition rates to pay for future tuition expenses at a designated educational institution. Annuity plans, endowment plans, and trust plans are types of savings or investment plans, but do not specifically relate to prepaid tuition expenses.

Which of the Following Is a Type of Prepaid Tuition