College & Career

Kentucky

Kentucky's Affordable Prepaid Tuition (KAPT)
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Summary

Kentucky's Affordable Prepaid Tuition (KAPT) plan was closed to new enrollments in 2004. Participants could choose one of three KAPT packages: Value, Standard, or Premium. The first two are designed to lock in tuition at Kentucky public institutions, while the Premium plan is geared toward private college tuition rates. The program closed to new enrollment in 2004.

Program Details
  • Summary: Kentucky's Affordable Prepaid Tuition (KAPT) plan was closed to new enrollments in 2004. Participants could choose one of three KAPT packages: Value, Standard, or Premium. The first two are designed to lock in tuition at Kentucky public institutions, while the Premium plan is geared toward private college tuition rates. The program closed to new enrollment in 2004.
  • Program type: Prepaid contract
  • Enrollment period: Most recent enrollment ended December 13, 2004. The program is currently closed to new enrollment.
  • State residency requirements: The beneficiary must be a Kentucky resident at the time of program enrollment or have an intention to attend a Kentucky institution.
  • Contract prices: In the last (2004) enrollment period, prices ranged from as little as $3,175 for the one-year value plan to as much as $83,559 for the five-year premium plan. An extended payment plan is available.
  • Are program benefits backed by the full faith and credit of the state? No
  • Are program benefits collateralized or guaranteed in any other way? Yes, 75% of the state abandoned property fund is available to cover any unfunded liability.
  • State tax deduction or credit for contributions: None.
  • Web site: Click here to visit
  • Telephone: 1-888-919-5278
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