Prepaid Tuition Plans
This table lists all prepaid tuition plans. 11 of the prepaid tuition plans are closed, while 13 prepaid tuition plans, including the Private College 529 Plan, remain open to new investment. Read on for more information regarding the right option for you.
State | Prepaid Tuition Plan | Status | Guarantee |
Private Colleges | Private College 529 Plan (Previously Independent 529 Plan) | Open | Guaranteed by participating private colleges |
Alabama | 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 | Closed 11/15/2013 | No | |
Florida | Open | Full faith and credit of the state | |
Illinois | Open | Legislative guarantee | |
Kentucky | Closed 2004 | Funded by state unclaimed property | |
Maryland | Open | Legislative guarantee | |
Massachusetts | Open | Full faith and credit of the state | |
Michigan | Open | No | |
Mississippi | Mississippi Prepaid Affordable College Tuition Program (MPACT) | Open | Full faith and credit of the state |
Nevada | 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 | Open | No | |
South Carolina | 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 | 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 | Open | State budget guarantee | |
Washington | 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.