A program instituted in a particular state allows parents to prepay their children’s future high school boarding school tuition at current rates. The program then pays the tuition annually for the child at any of the state’s boarding schools in which the child enrolls. Parents should participate in the program as a means of decreasing the cost of their children’s high school education.
Which of the following, if true is the most convincing reason for parents not to participate in the program?
(A) The parents are unsure about which boarding school in the state the child will attend,
(B) The amount of money accumulated by putting the prepayment funds in an interest-bearing account today will be greater than the total cost of tuition for any of the boarding schools when the child enrolls.
(C) The annual cost of tuition at the state’s boarding schools is expected to increase at a faster rate than the annual increase in the cost of living.
(D) Some of the state’s boarding schools are contemplating large increases in tuition next year.
(E) The prepayment plan would not cover the cost of room and board at any of the state’s boarding schools.