529 PLANS

Are program benefits collateralized or guaranteed in any other way?

Plan Are program benefits collateralized or guaranteed in any other way?
Prepaid Affordable College Tuition (PACT) Program
Alabama
No Plan Details
Florida Prepaid College Plan
Florida
No Plan Details
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. Plan Details
Kentucky's Affordable Prepaid Tuition (KAPT)
Kentucky
Yes, 75% of the state abandoned property fund is available to cover any unfunded liability. Plan Details
Maryland 529 -- 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. Plan Details
U.Plan
Massachusetts
No Plan Details
Michigan Education Trust
Michigan
No Plan Details
Mississippi Prepaid Affordable College Tuition (MPACT) Program
Mississippi
No Plan Details
Nevada Prepaid Tuition Program
Nevada
No Plan Details
CollegeAdvantage Guaranteed 529 Savings Plan
Ohio
No Plan Details
Private College 529 Plan
Other
No Enroll Now
Pennsylvania 529 Guaranteed Savings Plan
Pennsylvania
No Plan Details
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. Plan Details
Tennessee's BEST Prepaid College Tuition Plan
Tennessee
No Plan Details
Texas Guaranteed Tuition Plan
Texas
No Plan Details
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. Plan Details
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. Plan Details
Guaranteed Education Tuition (GET)
Washington
No Plan Details
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. Plan Details
 

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