No new kids for Texas Tomorrow

[Rose Siding]

AUSTIN – For the second year in a row, the state's popular prepaid college tuition plan, the Texas Tomorrow Fund, will remain shuttered to newcomers – thanks to rapidly increasing tuition rates for public colleges and universities.

Comptroller Carole Keeton Strayhorn said the $1.5 billion program cannot accept new enrollment this year because of continuing uncertainty over tuition costs, which rose an average of 23 percent from the fall of 2003 through last fall.
...
Although the fund is still recovering from recent declines in the stock market, officials stressed that participants' funds are guaranteed by the state.
...
Tuition at Texas' public universities is rising sharply after the Legislature and Gov. Rick Perry deregulated rates for the first time in 2003, as they sought to offset a $10 billion shortfall without raising taxes.

http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/021205dntextomorrow.4c7e0.html

[Wright Patman]

1. Let's forget about Tomorrow

for Tomorrow never comes.

Kinda sums up the Texas Armageddon Rapture Cult in control of the U.S. government as well as our own.

[Skink]

3. We can afford that 375 billion privatized freeway however....

Coming to a town near you.

[johncoby2]

2. I got mine 2 years ago! I think the fund is $200 million in the hole

Isnt this the first privatization of an investment in Texas? Exactly what dubya wants to do with SSN?

Luckly this fund is guaranteed by the Texas Constitution. (I believe) so those who are in, will get they college paid for when the time comes.

[WestHoustonDem]

4. I got mine a few years ago too

Probably one of the smartest things I've ever done.

[Rose Siding]

6. That's what I took from it-

The same fate awaits SSN under bush's scheme.

[sam sarrha]

5. no child left behind.? taxcuts to the rich are soooo.. much more important

[frustrated_lefty]

7. Heh.

Sorry for the kids of Texas, but let the state fall further back into the stone ages. The state has decided its path, it's earned what comes to it.