Qualified educational expenses include tuition and fees required to enroll at or attend an eligible educational institution, and required course-related expenses, such as fees, books, supplies, and equipment.

FORBES: Move up http://i.forbesimg.com t Move down

The universities, including Arizona State, the University of Cincinnati and the University of Arkansas system, are hoping that students who pass the free MOOCs will then enroll in the schools and pay tuition to earn a degree.

FORBES: Free Online College Courses Take Big Step Forward

The award letter also includes the total cost of attendance to enroll for the upcoming academic year, including tuition, fees, room, board, books, travel and personal expenses.

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Prepaid plans allow parents to make payments today for future tuition credits that they can use when their kids enroll in college.

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