Which of the following is a difference between a prepaid tuition plan and a college savings plan

2 answers:

7 0

A college savings plan means that you have the tuition plan money saved up for college and a prepaid plan means that you pay as you go on throughout the courses

OleMash [197]3 years ago

5 0

With a prepaid tuition plan, you prepay all or part of a child's future tuition by investing in units or contracts (depending on how the particular plan is structured), and you're guaranteed a minimum rate of return. However, you aren't necessarily entitled to any extra money that the plan may earn.
 With a college savings plan, you contribute to an individual investment account to pay for a child's future education. Your money is invested in a particular investment portfolio at the time you join the plan, and you take your chances on what your rate of return will be--there are no guarantees. If your portfolio performs well, you reap the benefits. If it doesn't, you suffer the losses.

You might be interested in

In interval estimation, the t distribution is applicable only when

Ilia_Sergeevich [38]

Answer: the population has a mean of less than 30

Explanation:

In interval estimation, the t distribution is applicable only when a. the population has a mean of less than 30. the sample standard deviation (s) is given instead of the population standard deviation

7 0

3 years ago

If your driver license is suspended for too many points, what type of insurance must you either purchase or prove that you had o

AnnZ [28]

If your driver license is suspended for too many points, we need to show a proof of liability insurance.

What do you mean by insurance?

Managing your risk is possible with insurance. The protection against unforeseen financial losses you purchase when you purchase insurance. If something bad happens to you, the insurance company pays you or a person of your choice. If you don't have insurance and an accident occurs, you can be liable for all expenses.

An insurance policy is a binding agreement between the insurance provider (the insurer) and the individual(s), firm, or other entity being insured (the insured). Reading your policy enables you to make sure that it addresses your needs and that you are aware of both your own and the insurance provider's obligations in the event of a loss.

To learn more about an insurance, use the link given
brainly.com/question/27900104
#SPJ4

4 0

1 year ago

Blizzard [7]

Answer:

Whatever you think the answer is, go with it. Believe that you have the answer correct, and you will.

Explanation:

Believe in yourself.

3 0

3 years ago

Which statements describe the southern economy in the antebellum era? select three responses. It was primarily agricultural. It

I am Lyosha [343]

The statements describing the southern economy in the antebellum era include 'it was primarily agricultural', 'it relied heavily on slave labor' and 'it produced mostly cotton and tobacco', It was a primary economy.

<h3>The southern economy in the antebellum era</h3>

In the USA, the economy of the antebellum era underwent an acceleration of economic growth.

This economy was characterized by the presence of slaves in the southern states and the family-farm of the free states.

In these southern states, the economy was directly tied to cotton and tobacco production.

Learn more about the antebellum era here:

brainly.com/question/8379433

8 0

2 years ago

Ms. Sanchez’s students were asked how many hours they spend participating in organized sports each week. Each row of the table r

slava [35]

The mean of a dataset is the average of the dataset.

The mean of the sample in the third row is 2.2