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Baxley: PACT 'Guarantee' Out in '95

By WNCF Staff

Story Created: Jan 26, 2010

Story Updated: Jan 26, 2010

Former Lt. Governor Lucy Baxley says she removed language from PACT literature that characterized the plan as a guarantee.

Baxley says she removed the references in 1995, but it wasn’t until six years later that the Legislature changed the law to make the program clearer to participants.

The state’s prepaid tuition program currently doesn’t have enough money to cover all of its enrollees.

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shodges said on Wednesday, Jan 27 at 3:14 PM

Lucy Baxley statements on September 14, 2000. http://www.auburn.edu/student_info/plainsman/archives/091400/091400cfprepaid.html "The advantage of using PACT, according to Baxley, is that the investment risk is taken by the state, not the individual. Therefore, students are guaranteed tuition through PACT instead of risking their own money in a private investment."

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