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We don’t want to pay for all of it – and we expect them to work hard to get good grades and muster some type of merit scholarship. Abby is a freelance journalist who writes on everything from personal finance to health and wellness. She spends her spare time bargain hunting and meal planning for her family of three. in English Literature from Indiana University–Purdue University Indianapolis, and lives with her husband and children in Indianapolis. Ehrlich argues that, although food and housing could count toward minimum wage, college tuition is not creditable under FLSA. College athletics operate under the National Collegiate Athletic Association , a private nonprofit organization. Under current NCAA regulations, compensation for student athletes is limited to scholarships for their education. Meanwhile, universities enter multimillion dollar deals with cable networks and athletic brands—all of which profit from using athletes’ images in marketing campaigns, apparel sales, and ti

Also, keep in mind that state-sponsored prepaid plans provide maximum benefits when the student attends an in-state public college. If the student attends an in-state private school or an out-of-state school, the plan may yield only a refund of contributions without interest or a refund with a small amount of interest. In recessionary periods, when state tax revenues may decline and stock market returns may be lower than expected, state-sponsored prepaid tuition plans may have difficulty fulfilling their obligation to investors. Historically, under these conditions, prepaid plans have either closed to new investors or increased their pricing for new investors. Nevertheless, the risk that prepaid plans may not be able to fulfill their obligation to investors does exist. Part-time students and students enrolled in associate programs may not qualify for this tuition plan. Other eligibility requirements may vary from one college to another. The biggest benefit of a prepaid tuition plan