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Are purchasers misled into believing their beneficiaries are guaranteed admission to a particular institution?

April 26, 2017admission believing beneficiaries guaranteed institution misled particular purchasers

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Are purchasers misled into believing their beneficiaries are guaranteed admission to a particular institution?

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No. All consumer materials, including regular quarterly statements, contain the explicit message that ownership of an Independent 529 Plan account has no bearing on student admission. Member colleges have signed a statement to that effect as part of the obligations of participation.