Question

A plan that covers all qualified higer education expenses is known as a

Answer 1

I think that is called a scholarship.

Answer 2

Actually I believe the correct answer is a College Savings Plan.

A scholarship is actually a sum of money that is used to pay educational expenses and is awarded to a student on the basis of academic merit. The student is not required to repay the money.

Hope this helps!

Cheers, July.