Prepaid Plan

MPCT Earnings Calculation Archive

Account Holders

Account Holders

Earnings Calculation Archive

Information provided below is for historical reference only.

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Update - May 4, 2023

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Update - April 3, 2023

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Update - March 2, 2023

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Update - January 24, 2023

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Update - January 20, 2023

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Update - January 6, 2023

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Update - December 12, 2022

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Update - November 7, 2022

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Update - August 29, 2022

Calculation FAQs Archive

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Should Account Holders expect that the earnings calculation used to calculate interest be the same as the 2022 Plan Disclosure Statement?

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If the calculation issue occurred at the time of the November 1, 2021 conversion, why wasn’t the issue resolved before the next Tuition cycle?

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When do earnings stop accruing?

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Should Account Holders expect a shortfall in their Account or in the Prepaid College Trust?

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How did we get here?

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Who is impacted by the pause in the interest rate calculation?

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I also have an Account in the Maryland College Investment Plan. Is that Account affected?

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Is my money at risk?

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What happens with “Excess Benefits”?

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Can Account Holders request a “penalty-free” refund of total funds contributed to their Prepaid College Trust Account?

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What are the differences in Benefits for in-state colleges versus out-of-state or private university or college?

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Will the interest calculation issue delay Tuition payments for upcoming Tuition cycles?

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Why would Account Holder’s Account page show different amounts from what it should have been under the Plan Disclosure Statement?

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If I already rolled over principal, will Maryland 529 pay interest on earnings that are being held in the Account?

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How are Operating Expenses applied?

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How are earnings calculated for Accounts in existence on October 31, 2021?

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My Account is impacted. What are my options as a MPCT Account Holder?

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I submitted a completed Account Support Request Form, now what?

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What is Maryland 529 doing to give Account Holders access to contributions?

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When will the problem be fixed?

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What is happening with the Maryland Prepaid College Trust?

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What can Account Holders do to get answers to specific Account questions and have immediate needs addressed?

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What is Maryland 529 doing to solve the problem?

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I need to complete the FAFSA application. Where can I find the FAFSA value of my Maryland 529 Prepaid College Trust Account?

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What is considered an “urgent” or “priority” request to trigger the application of the “manual” process?

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Why did the Board hold a closed session special meeting on December 19, 2022?

Video Address Archive

September 29 MPCT Virtual Town Hall

MD529 Executive Director Addresses This Issue

Maryland 529 Board Meeting - September 15, 2022