Jonathan Miller, Treasurer
| To help make it easier for families to send their children to college, Kentucky has a higher education savings program and is about to add a guaranteed prepaid tuition program. Kentucky's Lottery also funds college scholarships for high school graduates. For detailed information on each program, please click the links below: |
| Kentucky's Affordable Prepaid Tuition Plan (KAPT) | Kentucky Education Savings Plan Trust |
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In order to
guarantee to keep college costs capped, Kentucky is preparing to launch the KAPT
plan at the beginning of the 2001 school year. Currently, 19 states have prepaid
programs that allow parents and loved ones to lock in tomorrow’s tuition at
today’s lower prices.
For more information about how a prepaid tuition program would work for Kentucky, call 1-888-919-KAPT or click here. To receive regular updates about KAPT, please join our emailing lists. |
The Kentucky
Education Savings Plan Trust can help families save, in a planned way, for a
child’s higher education. A Trust account can be opened for a beneficiary of any age;
and the method, schedule, and amount of contributions are determined by the account owner.
Earnings are exempt from state and federal taxes. Deposits can be as little as $25
(or $15 if made through payroll deduction), and the Trust offers competitive savings
rates. The younger the child is when participation begins, the better prepared the family
will be to meet growing educational costs. To request more information about opening a Trust account, call 1-877-KY TRUST (598-7878) or visit www.kentuckytrust.org. |
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Kentucky Lottery Under Governor Patton's leadership, the General Assembly recently assured that most of the Kentucky Lottery profits would support higher education through the Kentucky Education Excellence Scholarship (KEES) and need based programs. For more information, click here. |
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