Is TIAA-CREF Tuition Financing, Inc. (a wholly owned subsidiary of TIAA-CREF), the Program Manager for the Path2College 529 Plan, sound financially?
Since 1918, millions of individuals have relied on TIAA-CREF’s financial strength. As an organization, TIAA-CREF has stood the test of time over a span that includes the Great Depression, World War II, the inflation of the 1970’s and the liquidity crisis of 2007/2008. In recognition of TIAA’s stability, soundness, and overall strength, TIAA is one of just three insurance companies to receive AAA ratings from Standard & Poor’s and the highest ratings from the three other major rating agencies. These ratings are based on an independent analysis of TIAA’s balance sheet, capital position, and asset quality. (These ratings do not apply to investment options managed by TIAA-CREF Tuition Financing, Inc).* Throughout the subprime credit crisis, TIAA-CREF has largely avoided the kinds of problems that have plagued the financial services industry by minimizing exposure. (Current and future portfolio holdings are subject to risk.
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