Monday, July 17, 2023

Families who invested in Maryland 529 plans win long-fought battle with state over earnings


Published 7/12/2023 5:30 a.m. EDT

Maryland families who use the state’s prepaid tuition program to save for college will get the generous earnings on plan contributions they’ve been pushing for since the state distributed, and then took back, money from thousands of account holders last year, State Treasurer Dereck Davis announced this week.

State lawmakers earlier this year tapped Davis to manage Maryland 529 — the agency that oversees the Maryland Prepaid College Trust — as well as to investigate the factors that led to the program falling into disarray, and to make recommendations about how to move forward. Davis said he found a series of problems so complex and intertwined that he compared the inquiry to peeling an onion...

Families who invested in Maryland 529 plans win long-fought battle with state over earnings - The Baltimore Banner

1 comment:

  1. In order to finance your child's college
    Invest fearlessly in Maryland plan 529
    And depend on our financial knowledge
    To get a return on investment by age 69

    ReplyDelete

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