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 | Enroll Now |
|
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 -- Maryland Senator Edward J. Kasemeyer 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. | Enroll Now |
|
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 | Enroll Now |
|
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 |
