March 7, 2003
Thousands of Families Abandon Colorado's Prepaid-Tuition Plan
Parents and other investors have closed more than a third of the accounts in Colorado's prepaid-tuition program in response to changes made to keep it afloat.
As of February 20 -- the deadline for investors to bail out of the state's Prepaid Tuition Fund if they didn't like proposed changes to their contracts -- about 4,300 of the plan's 12,000 accounts had either been closed or rolled over into another state program that invests directly in the stock market and does not
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