ELI5: Explain Like I'm 5

Guaranteed Education Tuition Program

Okay kiddo, imagine if you could go to college without your parents having to worry about how much it would cost. That's what a guaranteed education tuition program is all about.

Basically, it's like taking out an insurance policy on your education. Your parents or guardians can start paying into the program when you are young, and the program promises to cover the cost of tuition at participating colleges or universities when you are ready to go.

This means that no matter how much the cost of tuition goes up, your education will be covered. It's like buying a big bag of candy now, knowing that you'll be able to eat as much as you want later and not have to worry about running out.

Of course, there are some rules to follow when you sign up for a guaranteed education tuition program. You have to keep up with your grades, and you might have to stick with certain schools on the program's list. But all in all, it's a great way to make sure you can go to college without breaking the bank.