Kentucky's Affordable Prepaid Tuition
Kentucky's Affordable Prepaid Tuition (KAPT) provides another approach for families who want to plan now for their children's future college expenses at a public, private, or out-of-state institution. Depending on which KAPT plan is purchased, the program guarantees to pay tuition at Kentucky's public colleges or universities or average tuition at Kentucky's private colleges and universities in exchange for early tuition purchased by lump sum or in monthly payments. Like KESPT, funds can be used at any accredited postsecondary school in the country, and withdrawals used for qualified higher education expenses are free from federal and state income taxes. Because no two families are exactly alike when it comes to their college savings needs, KHEAA recommends that parents carefully evaluate the advantages and differences between KESPT and KAPT. KAPT is currently closed to new enrollments.
For more information, visit www.getKAPT.com or call toll free (888) 919-KAPT.
