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novapsyche"Charles Bockway, a spokesman for the West Virginia Prepaid Tuition Plan, said the confluence of tuition increases topping 10 percent and the slow economy, which hurt schools' investments, caught many financial experts by surprise.
"'Our research shows this has never happened before,' Bockway said. 'Typically, when you had periods of high tuition growth you had periods of high inflation. And during high inflation times you earn a lot in bonds and the stock market is doing well.'"
States Suspending Prepaid Tuition Plans, emphasis mine.
"'Our research shows this has never happened before,' Bockway said. 'Typically, when you had periods of high tuition growth you had periods of high inflation. And during high inflation times you earn a lot in bonds and the stock market is doing well.'"
States Suspending Prepaid Tuition Plans, emphasis mine.