How does the Legislative Guarantee work?
The Prepaid College Trust is backed by a Legislative Guarantee. In the event that the Trust ever experiences a financial shortfall, Maryland law requires the Governor to include funds in the State budget to allow the Trust to pay your full benefits. As with the entire State budget, the Maryland General Assembly has final approval. For additional information, please see the section titled Prepaid College Trust Operations (Disclosure Statement PDF) on page 9.
