A plan that covers all qualified higher education expenses is known as the
O A. mutual savings plan
O B. college savings plan
O C. prepaid tuition plan
O D. college mutual fund
Please help

Answers

Answer 1
it’s B !!! college saving plan
Answer 2

A plan that covers all qualified higher education expenses is known as the prepaid tuition plan. The correct option is B.

What is prepaid tuition plan?

A prepaid tuition plan is a savings plan that allows parents or other individuals to purchase tuition credits at current prices for a beneficiary to use to pay for qualified higher education expenses in the future.

These plans, which are generally guaranteed by the state or educational institution offering the plan, cover all qualified higher education expenses, including tuition, fees, room and board, and other related expenses.

As a result, a prepaid tuition plan is one that covers all qualified higher education expenses.

A college mutual fund is a type of investment fund that invests in companies related to education.

Thus, the correct option is B.

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