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Provide for the prepayment of college tuition

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Reference no: EM131041776

"Which of the following statements, if any, is (are) correct? 1. Prepaid Tuition plans provide for the prepayment of college tuition at current tuition prices for future enrollment. 2. A disadvantage of a QTP (qualified tuition plan) is that the owner/contributor must relinquish control of the account, and share control of the funds with the student / beneficiary."

  • 1 only.
  • 2 only.
  • Both 1 and 2.
  • Neither 1 nor 2.

Reference no: EM131041776

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