MPCT Earnings Calculation Update
Update - October 4, 2023
Treasurer Dereck E. Davis today announced that the claims portal for the Maryland Prepaid College Trust is open, and the portal is now available for eligible account holders to file a claim.
Maryland Prepaid College Trust account holders who had an open and existing account as of November 1, 2021, are eligible to submit a claim. The deadline to submit a claim is December 31, 2023.
With this announcement, the State Treasurer’s Office has reached Phase III of the four-phase plan outlined in the Treasurer’s July 10th decision.
“Throughout this process, our office has prioritized the financial integrity and solvency of the trust for all account holders, and I am pleased to have reached this point in the process,” said Treasurer Davis. “It is my hope that with each step we continue to restore faith and confidence in this worthy public program.”
FAQs (Updated as of October 4, 2023)
Claims procedures can be found here.
Click here to read MPCT Automation Update
On July 10, 2023, Treasurer Davis announced a retroactive 6% earnings rate for Maryland Prepaid College Trust account holders. Please click the links below for more information.
Final Decision Announcement