Families’ college savings values still unclear as treasurer takes over Md. 529 program

As the State Treasurer’s Office assumes oversight of the troubled Maryland 529 prepaid college trust and investment plans, it remains unclear when, or if, families’ account values will be restored to previous, higher balances that the state has said were the result of a calculation error.

The treasurer’s office, which took over responsibility for the program on Thursday, is working “expeditiously … to enable account holders to access all funds they are entitled to,” Shareese Churchill, deputy treasurer of communications and public affairs, wrote in an email.

Treasurer Dereck Davis, though, has been hesitant to give a specific timeline for when families might be able to access their earnings...

Families’ college savings values still unclear as treasurer takes over Md. 529 program | Maryland Daily Record (thedailyrecord.com)