MPCT Interest Calculation Issue

MPCT Interest Calculation Issue

Maryland 529 is currently working to address earnings calculation issues in the Maryland Prepaid College Trust (MPCT) that are impacting some Account Holders who need to take a distribution. To protect the Trust as a whole, the Maryland 529 Board has temporarily suspended the addition of certain interest earnings on MPCT distributions.

We recognize the uncertainty caused by these issues and are working diligently to address them. We appreciate your patience through this process.

It is important to emphasize that no MPCT Account funds are at risk, and that Account Holders are still able to access their principal balances for Tuition payments and/or rollovers. Once all issues have been resolved, Account Holders will have access to their interest earnings.

These issues do not affect Maryland College Investment Plan (MCIP) Accounts.

 

MPCT Virtual Town Hall

Thursday, September 29, 2022

9:30 am - 10:30 am

Please join Maryland 529 Executive Director, Anthony Savia, who will address concerns related to the Maryland Prepaid College Trust interest calculation issue. 

Click here to register.

Click here to submit your question in advance.

 

MD529 Executive Director Addresses This Issue

Interest Calculation FAQs