Calculation FAQs

 

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

 

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?

 

When do earnings stop accruing?

 

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

 

How did we get here?

 

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

 

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

 

Is my money at risk?

 

What happens with “Excess Benefits”?

 

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

 

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

 

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

 

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

 

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

 

How are Operating Expenses applied?

 

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

 

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

 

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

 

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

 

When will the problem be fixed?

 

What is happening with the Maryland Prepaid College Trust?

 

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

 

What is Maryland 529 doing to solve the problem?

 

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

 

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

 

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