That depends on what type of plan that you have, when it was purchased, and which college or university your child is attending. There's usually a specified dollar amount range per credit hour (including tuition fees) for the specified academic year. You can multiply this amount by the number of registered credit hours to determine the total amount to be paid by your plan. For example, a 1-year University Plan covers for 30 University credit hours. If college tuition costs $119 per credit hour, and your child is enrolled for 15 hours a semester, your Prepaid Plan pays for $1,785 for the semester.