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Plan Enrollment period: Are program benefits backed by the full faith and credit of the state? Are program benefits collateralized or guaranteed in any other way?
Prepaid Affordable College Tuition (PACT) Program
Alabama
Normal enrollment period is September through December. Closed to new enrollments as of 2009. No No
Florida Prepaid College Plan
Florida
October 15, 2016 through February 28, 2017. Yes, and in the event the program is terminated, all participants within 5 years of college enrollment will receive full promised benefits while others will receive a refund of payments made plus interest. No
College Illinois! 529 Prepaid Tuition Program
Illinois
November 2, 2016 through May 31, 2017. Newborn enrollment continues until August 31, 2017. No Yes, the legislature is required to consider, but not necessarily approve, an appropriation to cover the shortfall.
Kentucky's Affordable Prepaid Tuition (KAPT)
Kentucky
Most recent enrollment ended December 13, 2004. The program is currently closed to new enrollment. No Yes, 75% of the state abandoned property fund is available to cover any unfunded liability.
Maryland 529 -- Prepaid College Trust
Maryland
December 1, 2016 through April 24, 2017. Year round for newborns. No Yes, the legislature is required to consider, but not necessarily approve, an appropriation to cover any shortfall, repayable within two years.
U.Plan
Massachusetts
Typically May and June each year. Yes No
Michigan Education Trust
Michigan
The Enrollment Period to purchase MET contracts is December 12, 2016 - September 30, 2017. No No
Mississippi Prepaid Affordable College Tuition (MPACT) Program
Mississippi
September 1, 2016 through May 31, 2017 Yes No
Nevada Prepaid Tuition Program
Nevada
November 1, 2016 through March 31, 2017. Newborns may be enrolled through June 30, 2017. No No
CollegeAdvantage Guaranteed 529 Savings Plan
Ohio
Closed to new enrollment until further action is taken by OTTA.   No
Ohio CollegeAdvantage Direct 529 Savings Plan
Ohio
  No  
Private College 529 Plan
Other
Open year-round N/A, not a state-sponsored program; however, each participating institution makes a binding commitment to accept Tuition Certificates in payment of tuition and mandatory fees. Payments received by the program are pooled in a trust fund with investments managed by OFI Private Investments, Inc. No
Pennsylvania 529 Guaranteed Savings Plan
Pennsylvania
Open year-round. Price change each year on September 1. No No
South Carolina Tuition Prepayment Program
South Carolina
The most recent enrollment period ran from March 1 through May 31, 2006. It has been closed to new enrollment and will not reopen until the S.C. General Assembly authorizes the program to accept new participants. No 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
Closed to new enrollment as of November 22, 2010. No No
Texas Guaranteed Tuition Plan
Texas
Closed to new enrollment. Yes, in the event the program does not have sufficient funds to pay college tuition, the first available revenues of the state will be transferred into the the program. No
Texas Tuition Promise Fund
Texas
September 1 thru February 28 (July 31 for newborns.) First payment is due on the following May 1. No 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
December 1, 2016 through March 31, 2017. No Yes, state legislation currently provides a financial guarantee in each year's state budget to cover prePAID'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
The most recent enrollment period was November 1, 2014 through May 31, 2015. Yes No
SMART529 Prepaid Tuition Plan
West Virginia
Closed to new enrollment. No 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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