529 PLANS

Compare by Features

Plan Are program benefits collateralized or guaranteed in any other way?
Prepaid Affordable College Tuition (PACT) Program
Alabama
No
Florida Prepaid College Plan
Florida
No
College Illinois! 529 Prepaid Tuition Program
Illinois
College Illinois! funds are backed by the moral obligation of the state, which requires the Governor to request state funding from the General Assembly in any year the program lacks sufficient funds to pay its contractual obligations.
Kentucky's Affordable Prepaid Tuition (KAPT)
Kentucky
Yes, 75% of the state abandoned property fund is available to cover any unfunded liability.
College Savings Plans of Maryland -- Prepaid College Trust
Maryland
Yes, the legislature is required to consider, but not necessarily approve, an appropriation to cover any shortfall, repayable within two years.
U.Plan
Massachusetts
No
Michigan Education Trust
Michigan
No
Mississippi Prepaid Affordable College Tuition (MPACT) Program
Mississippi
No
Nevada Prepaid Tuition Program
Nevada
No
CollegeAdvantage Guaranteed 529 Savings Plan
Ohio
No
Private College 529 Plan
Other
No
Pennsylvania 529 Guaranteed Savings Plan
Pennsylvania
No
South Carolina Tuition Prepayment Program
South Carolina
Yes, the state legislature is required to consider, but not necessarily approve, an appropriation to return all payments plus 4% interest in the event the program is canceled.
Tennessee's BEST Prepaid College Tuition Plan
Tennessee
No
Texas Guaranteed Tuition Plan
Texas
No
Texas Tuition Promise Fund
Texas
Under Texas law the public colleges in Texas must accept less than full tuition and fees if the fund's investment return fails to keep pace with tuition and fee increases.
Prepaid529
Virginia
Yes, state legislation currently provides a financial guarantee in each year's state budget to cover Prepaid529's contractual obligations in the event of a funding shortfall. This provision can only be changed by the Virginia General Assembly, subject to the Governor's veto, and the General Assembly's ability to override a veto.
Guaranteed Education Tuition (GET)
Washington
No
SMART529 Prepaid Tuition Plan
West Virginia
Yes, a prepaid tuition escrow account exists to guarantee payment of prepaid tuition contracts; up to $1,000,000 annually is transferred to the escrow account from the state's unclaimed property fund if an unfunded liability exists in the program's trust fund.
 

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