TAP to impose price premiums on September 1
TAP unit pricing will be adjusted on September 1, 2003 to reflect new tuition levels, along with a premium. The premiums will range from zero for community colleges and Lincoln University to a maximum of nine percent for Penn State. This will be the first time in four years that a premium has been added to prices, and reflects the recent environment in which tuition increases have been outpacing program investment returns. As of June 30, 2003 the program fund had assets of $606 million against projected program liabilities of $658 million.
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