I own a private plan, but my beneficiary is attending a public institution that costs less than the private average rate. Can I still receive a refund of the difference under the new rules?
Yes. The rule change does not affect such refunds. If the beneficiary of a private plan enrolls in a public institution, the board will continue to pay the purchaser the difference between the estimated average tuition and fees for a private school versus the amount paid for attending the public institution.
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