List of State Prepaid Tuition Plans

on June 28, 2017

This table lists all prepaid tuition plans. Eleven of the prepaid tuition plans are closed, while 13 prepaid tuition plans, including the Private College 529 Plan, remain open to new investment.

 

State

Prepaid Tuition Plan

Status

Guarantee

Private Colleges

Private College 529 Plan (Previously Independent 529 Plan)

Open

Guaranteed by Participating Private Colleges

Alabama

Alabama Prepaid Affordable College Tuition (PACT)

Closed 12/31/2008

No

Alaska

Alaska Advance College Tuition (ACT) replaced with the ACT Portfolio in the University of Alaska College Savings Plan

Open

No

Colorado

Colorado CollegeInvest Prepaid Tuition Fund

Closed 11/15/2013

No

Florida

Florida Prepaid College Plan

Open

Full Faith and Credit of the State

Illinois

College Illinois! Prepaid Tuition Program

Open

Legislative Guarantee

Kentucky

Kentucky’s Affordable Prepaid Tuition (KAPT)

Closed 2004

Funded by State Unclaimed Property

Maryland

Maryland Prepaid College Trust

Open

Legislative Guarantee

Massachusetts

Massachusetts: The U.Plan Prepaid Tuition Program

Open

Full Faith and Credit of the State

Michigan

Michigan Education Trust (MET) 

Open

No

Mississippi

Mississippi Prepaid Affordable College Tuition Program (MPACT)

Open

Full Faith and Credit of the State

Nevada

Nevada Prepaid Tuition Program

Open

No

New Mexico

The Education Plan Prepaid Tuition Program

Closed 12/31/2002

No

Ohio

Ohio CollegeAdvantage Guaranteed Plan (Previously Prepaid Tuition Plan)

Closed 12/31/2003

Full Faith and Credit of the State

Pennsylvania

Pennsylvania 529 Guaranteed Savings Plan

Open

No

South Carolina

South Carolina Tuition Prepayment Program (SCTPP) 

Closed 6/1/2006

Legislative Guarantee

Tennessee

Tennessee Baccalaureate Education System Trust (BEST) Prepaid Plan

Closed 11/22/2010

Terminated 11/30/2015

No

Texas

Texas Tuition Promise Fund

Open

Guaranteed by State’s Public Colleges

Texas

Texas Guaranteed Tuition Plan (Previously Texas Tomorrow Fund)

Closed Fall 2003

Full Faith and Credit of the State

Virginia

Virginia529 Prepaid Education Program (VPEP)

Open

State Budget Guarantee

Washington

Washington Guaranteed Education Tuition (GET)

Open

Full Faith and Credit of the State

West Virginia

West Virginia SMART529 College Prepaid Tuition Program

Closed 3/8/2003

Terminated 6/30/2022

Escrow Account Funded by State Unclaimed Property

Wisconsin

 

Closed 12/20/2002

No

Wyoming

 

Closed 1995

No

 

A legislative guarantee requires the state legislature to consider passing legislation to address actuarial shortfalls but does not require the state legislature to actually pass the legislation.

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