Kentucky's Affordable Prepaid Tuition (KAPT) is no longer available
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Kentucky's Affordable Prepaid Tuition (KAPT) plan was closed to new enrollments in 2004. Participants could choose one of three KAPT packages: Value, Standard, or Premium. The first two are designed to lock in tuition at Kentucky public institutions, while the Premium plan is geared toward private college tuition rates. Kentucky also offers the Kentucky Education Savings Plan Trust, a direct-sold 529 savings plan.
- Program typePrepaid contract
- Enrollment periodMost recent enrollment ended December 13, 2004. The program is currently closed to new enrollment.
- Inception2001
- State agencyKentucky Higher Education Assistance Authority
- Tax deduction
Investment Options
Investors in Kentucky's Affordable Prepaid Tuition (KAPT) can select from the following investment options. Click on a portfolio name for more information.
Sometimes referred to as the enrollment-based option, this is an investment approach where your asset allocation is programmed to change over time. Accounts for young beneficiaries are invested aggressively and accounts for beneficiaries with college right around the corner are invested much more conservatively. In some 529 plans, the age-based option operates by automatically transferring your investment from one static portfolio to another at certain points in time. Others utilize lifecycle funds or employ lifecycle-type tactics within the portfolio containing your investment so that it is not necessary to transfer your investment between portfolios.