| Students in San Antonio Schools in 2008
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| | There is a strong correlation between
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| will have college savings options that
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| | poverty and poor academic success. Some
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| haven't existed since 2003. The Texas
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| | administrators in San Antonio Schools
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| Tomorrow II plan is a revamped version of
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| | fear that the current set-up will put
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| the original state savings program that
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| | colleges in the position of raising
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| many residents in San Antonio Schools
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| | tuition to make up for the inflation they
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| blasted as useless before it was ended in
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| | are stuck paying. And who's left with the
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| 2003.
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| | higher tuition? Students who didn't
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| The problem with the original plan was
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| | purchase prepaid programs- usually the
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| that it didn't account for inflation. So
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| | lower income families.
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| San Antonio Schools families who used it
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| | That's not to say that most residents of
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| as their main vehicle for college savings
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| | San Antonio Schools don't like the
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| found themselves no better off. Governor
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| | program. Actually, most parents are
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| Rick Perry announced this newer version
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| | pleased that the state has finally
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| that is based on the purchase of units.
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| | replaced the old model. Some features
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| Here's how it works.
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| | that parents in the San Antonio Schools
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| Imagine a student in the San Antonio
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| | like are that they can transfer funds
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| Schools hope to attend a decent four year
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| | from the old program, or from 529 plans,
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| college. The parents would purchase the
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| | into the Texas Tomorrow II plan. It's
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| appropriate number of units that the
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| | also more accessible because families can
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| family can currently afford. Unlike the
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| | start paying even if they don't have
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| old plan, families don't have to pay for
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| | money to pay for a complete year.
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| 2, 4 or 5 years, but whatever they want.
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| | But, some parents and educators in San
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| The Texas Prepaid Higher Education Board
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| | Antonio Schools point out- it's still not
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| will set prices annually. Currently a
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| | perfect. Funds can't be used for books,
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| two-year college costs 23 units for a
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| | food or housing; all items that make up a
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| full year, and four-year colleges range
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| | significant portion of college tuition.
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| from 57-81 units.
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| | And for the poorest students in Texas and
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| Proponents in San Antonio Schools and
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| | in San Antonio, it may not do much to get
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| throughout Texas claim that this protects
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| | them into college. Still, the overall
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| parents because any inflation increases
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| | attitude of most of San Antonio Schools
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| will be paid by the colleges. However,
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| | families seems to be that they need all
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| some in the San Antonio Schools fear that
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| | the help they can get. With college cost
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| the results might actually hurt those the
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| | rising, and even upper middle class
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| plan was designed to help. A great
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| | families struggling meet tuition, it's
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| concern for San Antonio Schools is
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| | not surprising that scores of San Antonio
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| closing the achievement gap that exists
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| | families are eagerly anticipating the new
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| between white and minority students.
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| | plan.
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