A retroactive 6% earnings rate will be applied for Maryland account holders participating in the 529 Prepaid College Savings Trust plan, the state treasurer announced Monday. Earlier this year, Maryland 529 plan participants said they had trouble accessing their accounts and paying tuition. Parents said the value of their prepaid accounts decreased by as much as 50% because of a new method of calculating interest in the fund.
Some Maryland 529 college plan participants to get 6% retroactive earnings rate, treasurer says
July 11, 2023