PA Treasurer hires Moody's to rate 529 plan

Pennsylvania State Treasurer Robert P. Casey, Jr. has retained Moody's Investors Service to evaluate the TAP 529 Guaranteed Savings Plan. This will be the first such rating from Moody's in the 529 plan area. Casey has expressed concerns about the solvency of the TAP program fund and the fact that tuition benefits promised to participants in the program have no state backing.
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