Jackson, Miss. A board has voted unanimously to re-open enrollment this fall in the Mississippi Prepaid Affordable College Tuition program.
The state-backed savings plan had been closed since the fall of 2012 because of concerns about a funding shortfall.
State Treasurer Lynn Fitch says in a news release that when the board voted Monday to reopen enrollment, members agreed new contracts "must be priced appropriately" and not add to the shortfall.
The program is about $82 million short of what it needs to meet all its obligations. If new enrollment were closed permanently, the treasurer's office says the shortfall would rise to $142 million. Fitch says reopening enrollment will reduce the shortfall but not erase it.
She says any changes in future contracts won't affect 21,000 current contract holders.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.