The Prepaid Affordable College Tuition (PACT) Program is a Section 529 college savings program administered by State Treasurer Kay Ivey's office. PACT is based on a simple concept—pay today for tomorrow's tuition. During the enrollment period of October through December, you may purchase a four-year contract or a one-year contract for the payment of a child's college tuition.
Section 529 of the Internal Revenue Code of 1986 authorizes states to create two types of college savings programs – prepaid tuition plans and college savings plans. Alabama was the third state in the nation to implement a prepaid college tuition program when the Prepaid Affordable College Tuition (PACT) Program began operating in March 1990.
For more information about the program, visit the Alabama PACT Website.
Additional information may also be found at the following websites:
Official Introduction to PACT
http://www.treasury.state.al.us/Content/Pact_intro.htm
Official State Website of Alabama PACT
Official Website of The State Treasurer
http:///www.treasury.alabama.gov
Official Website Of The Alabama Legislature
http://www.legislature.state.al.us
Alabama House of Representatives (Members and Contact Info) http://www.legislature.state.al.us/house/representatives ...
Alabama Senators (Members and Contact Info) http://www.legislature.state.al.us/senate/senators/senateroster_alpha.html
Find your Alabama Legislator via Zipcode: http://www.legislature.state.al.us/misc/zipsearch.html
Alabama PACT Board Members
