November 25, 2005

Pennsylvania Prepaid-Tuition Plan Is First to Earn a Credit Rating

By KARIN FISCHER

Pennsylvania's prepaid-tuition program has become the first such plan in the nation to receive a credit rating, earning an A3 mark from Moody's Investor Services, the state's treasurer, Robert P. Casey Jr., announced last week.

In its analysis, the credit-rating agency said that, over the next 25 years, account holders can expect to receive, as promised, the full-tuition value of their accounts, taking inflation into account, when their children are ready to attend college.

Print Subscription

Digital Subscription

Already have an account? Log In Now.