The premium for Penn State has been cut almost in half. And for many schools, the premium has been eliminated. In those cases, the 1997-98 TAP Tuition Credit price will be the same as the school's actual tuition price.
TAP enables families to pre-purchase college tuition credits at today's prices, for future use.
TAP guarantees that a TAP Tuition Credit purchased today will cover an equivalent credit of future tuition at a participating school, regardless of how much tuition costs increase by then. TAP Tuition Credits also may be used at any accredited college, trade or technical school in the United States. As a result, the TAP price will match the schools' actual tuition rates for the first time. Hafer said the new prices were set with the advice of an independent actuary and a professional financial advisor.