Maryland 529 board chair resigns amid scrutiny over college savings plan

Maryland 529 board chair Peter Tsirigotis turned in his resignation Friday, one day after facing withering criticism from state lawmakers for the agency’s handling of problems with one of Maryland’s college savings plans. Tsirigotis, who did not immediately respond to requests for comment, appeared before the Maryland House Appropriations Committee on Thursday to explain why hundreds of families have been unable to access all of the money in their Maryland Prepaid College Trust accounts. “As a parent of college-age children, I can relate to and share the frustrations expressed by the account holders,” Tsirigotis told lawmakers. “We are focused on resolving the issues for the account holders as swiftly as possible. However, we realize in retrospect that more could have been done to provide account holders with updated information.”