PACT decision ignites desire to burn contracts - ABC 33/40 - Birmingham News, Weather, Sports

PACT decision ignites letter writing and desire to burn contracts

Posted: Updated:
BIRMINGHAM - AL -

A bitter battle between the state and parents over the Prepaid Alabama College Tuition program may not be over.

Last week, the Alabama Supreme Court approved a settlement. It gives every participant some funding.

Some parents say that's not enough, but it's not the only option.

School counselors stress planning for college. But even careful budgeting isn't always enough.

"His mother and I will make it happen. I've put money into educational accounts along the way. But it's not near enough to cover the long haul," said Benny Bliss who has PACT contracts for both of his children. One of them is out of college. The other starts in the fall.

The PACT program was supposed to cover college tuition for Bliss' children and 35 thousand other families. Now, it only provides funding at 2010 tuition levels. Parents and students must cover the rest.

The economy left PACT with a multi-million dollar deficit. It also affected Bliss' job.

"I was downsized in June 2011. I haven't had a paycheck since then," said Bliss.

Another family says it may sell their house to pay the difference.

Many families are mad- firing off emails and letters to elected officials. Some even want to stage contract burning events.

"It's understandable, no question about it," said Alabama Treasurer Young Boozer. "We were six hundred million short. What we've done is found a way to preserve the program.

Boozer says there's another prepaid tuition program available- the College Counts 529 program. Most states have similar programs.

"It's basically a defined contribution program and it has been very successful. In the US today, it's probably the best way to save for a child's or grandchild's education," said Boozer.

But many parents thought PACT was the best.

Bliss says the outcome of program will definitely be on his mind the next time he goes to the polls.

  • Anniston - Gadsden Area NewsMore>>

  • Oneonta police need help identifying woman who stole flowers from gravesite (pictures)

    Oneonta police need help identifying woman who stole flowers from gravesite (pictures)

    Wednesday, July 23 2014 12:55 PM EDT2014-07-23 16:55:33 GMT
    Oneonta police have turned to Facebook in trying to identify a woman who apparently stole flowers from a gravesite at a Oakhill Cemetery on Tuesday.More >>
    Oneonta police have turned to Facebook in trying to identify a woman who apparently stole flowers from a gravesite at a Oakhill Cemetery on Tuesday.
    More >>
  • Suspect in Jacksonville shooting from June turns self in

    Suspect in Jacksonville shooting from June turns self in

    Tuesday, July 22 2014 7:06 PM EDT2014-07-22 23:06:38 GMT
    Jacksonville police said the suspect in the June shooting of a Calhoun County man turned himself into police Tuesday afternoon.More >>
    Jacksonville police said the suspect in the June shooting of a Calhoun County man turned himself into police Tuesday afternoon.
    More >>
  • Jacksonville man arrested for child pornography

    Jacksonville man arrested for child pornography

    Tuesday, July 22 2014 7:05 PM EDT2014-07-22 23:05:18 GMT
    William Franklin Harper (Photo: Calhoun County Sheriff's Office)William Franklin Harper (Photo: Calhoun County Sheriff's Office)
    The Alabama Bureau of Investigation’s CyberCrimes Unit arrested a Jacksonville man Tuesday for possession of child pornography.ABI officers served a search warrant at the home of 49-year-old William Franklin Harper. Harper is charged with four counts of possession of child pornography.He is currently in custody at theCalhoun County Jailwith bond setat $100,000 bond.During the search, investigators found methamphetamine. Agents of the Alabama Alcohol Beverage Control Board and the Calhoun Coun...More >>
    The Alabama Bureau of Investigation’s CyberCrimes Unit arrested a Jacksonville man Tuesday for possession of child pornography.ABI officers served a search warrant at the home of 49-year-old William Franklin Harper. Harper is charged with four counts of possession of child pornography.He is currently in custody at theCalhoun County Jailwith bond setat $100,000 bond.During the search, investigators found methamphetamine. Agents of the Alabama Alcohol Beverage Control Board and the Calhoun Coun...More >>
Most Popular
Stories
Videos
loading...