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Alabama Court Reconsiders Prepaid Tuition Ruling
The Alabama Supreme Court has reopened a lawsuit over whether a financial settlement of Alabama's prepaid college tuition program can stand. The board of the Prepaid Affordable College Tuition plan had reached a settlement for the financially troubled program to pay tuition at 2010 rates rather than current rates. Some parents challenged it in court, and the Supreme Court voided the settlement in March because it violated state law. Then the Legislature passed a law in April that was designed to restore the settlement. The Supreme Court on Wednesday granted a request by state officials to reconsider its ruling. The court's 7-0 decision told a Montgomery circuit judge to review whether the new law can be applied retroactively to the settlement. (Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) |
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SD said on Wednesday, Jul 11 at 8:21 PM
Just another example of government trying to change the rules and avoid paying students what was promised.I an amazed KAY IVEY is not in a cell where she belongs.As State Treasurer,she contracted with over 20??? different investment firms to hatch this Ponzzi scheme. When the money evaporated she(KAY IVEY)blamed the loss on the stock market crash.The problem is during the same stock market crash, David Bronner did not loose any state employees retirement money.The returns on investments were below expectations but when the stock market recovered all the state retiree's money was still there!!!!!
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