Prepaid Affordable College Tuition (PACT)
The Prepaid Affordable College Tuition (PACT) Program is a Section 529 college savings program administered by State Treasurer'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.
Calhoun PACT STUDENTS
Calhoun Community College is requiring PACT students to complete an authorization form each academic year so that we may verify remaining eligibility and to make sure that each student actually wants to use his/her PACT at Calhoun Community College.
You may print the PACT Authorization Form and submit as instructed prior to the payment deadline. All students should check each term to ensure that their Calhoun account is “Paid”. You may come by the Business Office, call 256-306-2540 or email car@calhoun.edu if you have any questions.
For forms, more information on PACT and to participate in the program, visit the Alabama State Treasury PACT website. If you have questions, please contact the PACT staff at 800-252-7228 or 334-242-7514. |