Columbia, SC – State Treasurer Grady L. Patterson, Jr. accepted a $165,000.00 check from a Chester County man, yesterday. The payment secured eleven Tuition Prepayment contracts for all of the man’s grandchildren. "People are increasingly aware of the value of this program and how it helps dramatically reduce future college costs," Patterson said.
The $165,000.00 payment is the largest single purchase since the program began issuing contracts in 1998. The purchaser preferred to remain anonymous according to Melody Lamm, Director of Tuition Prepayment. Lamm stated: "He just wanted to do what was best for his grandchildren, and that meant providing an affordable college education."
Higher education costs have risen over 230% since 1980 – faster than inflation and family income. College tuition bills are likely to increase again this year corresponding to state budget cuts. "The South Carolina Tuition Prepayment Program (SCTPP) locks in today’s tuition costs for future college expenses," Lamm continued. "SCTPP allows families to plan early for their children’s education."
Wednesday, February 28th is the final day to enroll in the Tuition Prepayment Program. Those interested in purchasing contracts must call 888/772-4723.
Having put six children through college, State Treasurer Patterson knows SCTPP’s value intimately. "I know that higher education is one of the most difficult financial tasks we face in our lifetime," he said. "I wish this program had been around twenty years ago for my children. Tuition Prepayment is a great way for our hard-working families to save for their future."
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David A. Adams, 803/734-0380