Connect with us

Hi, what are you looking for?


PACT board of directors approves 7 percent raise for tuition and fees


Alabama State Treasurer and PACT Board Chairman John McMillan announced that directors of the Alabama PACT Program approved a 7 percent increase to the current rate paid by the PACT Program for tuition and fees. This increase is effective fall semester 2019.

“We are able to protect and enhance account holder’s investments thanks to the support the Legislature has provided and through sound financial management of the fund,” McMillan said. “We are proud to be able to provide the fifth increase in payments to account holders.”

Under the 2011 Class Action Settlement Agreement, PACT is required to pay tuition and qualified fees at the fall 2010 rates as certified by each respective Alabama public eligible educational institution. The agreement was negotiated to allow for an increase in benefit payments, if the actuarial condition of the PACT program improves. The first increase of 3 percent was made in 2015 followed by a 6 percent increase in 2016, an 8 percent increase in 2017 and a 7 percent increase in 2018.

The PACT Program currently has 14,839 active contracts.


Written By

The Alabama Political Reporter is a daily political news site devoted to Alabama politics. We provide accurate, reliable coverage of policy, elections and government.



The board approved a 10 percent increase to the current rate paid by the PACT Program for tuition and fees.


Ted Hosp, David Dennis and Michael Smith were selected to join the Children First board of directors.


The training is meant to teach individuals about Creative Commons licensing and how to create and share their work openly.


Tuition will not increase for the 2021-2022 academic year.