Tuition plan gets rating

HARRISBURG (AP) -- A state program that allows advance purchases of college tuition credits received an "upper medium grade" from Moody's Investors Service, officials said Tuesday.
The Guaranteed Savings Plan -- part of the state's larger Tuition Account Program, or TAP -- allows savers to buy tuition credits for specific schools and guarantees that their savings will keep pace with tuition inflation. Twelve credits cover a semester's worth of tuition.
But concerns about the fund's long-term stability prompted state Treasurer Robert P. Casey Jr. in May to hire Moody's Investors Service to rate the program.