Kentucky's Affordable Pre-paid Tuition program (KAPT) keeps losing money.
The taxpayer-backed program is due to release its actuarial analysis any day now. Expect to see the program's deficit to have gotten several million dollars larger.
Investment performance continues to lag tuition inflation and so its stated investment policy goal needs to be adjusted. Currently, the program seeks to "meet or exceed tuition inflation."
The programs ROI since its inception is 6.12%. That means investments are picking up a little more than half of the program's liabilities. You get to pay the other half.