Buyer Beware: Some State College Saving Plans Don’t Add Up

Are tax-sheltered state college saving programs, such as North Carolina’s College Vision Fund, a good buy or a big scandal? According to a recent article by Forbes magazine reporters Thomas Easton and Michael Maiello, many of the funds suffer from inflated fees, limited disclosure and corruption. “Be sure you’re an educated investor,” warn Easton and Maiello.




Community Colleges Need More Funds, Consultant Says / College Seniors “Don’t Know Much About History”

N.C. Community Colleges will need upward of $1.2 billion for capital expansion if they are to meet projected enrollment growth for 2000-2005, according to Kent Caruthers, a consultant with MGT of America, Inc. in Tallahassee, FL. The recommendation is part of a preliminary report on the North Carolina Community College System’s (NCCCS) funding needs that was presented to Board members last week. Since 1996, MGT has worked with Community College officials to assess the needs of NCCCS and consider ways to approach the General Assembly in asking for more funds.