Who manages the Plan?
The Florida Prepaid College Board manages both the Florida College Investment Plan and the Florida Prepaid College Plan. The Florida Prepaid College Board is an agency of Florida government. The Board has seven members, including three members appointed by the Governor, the Chief Financial Officer of Florida, the Attorney General of Florida, the Chancellor of the Board of Governors and the Chancellor of the Division of Community Colleges, or their designees. Investments in the Florida College Investment Plan are not deposits or obligations of, or insured or guaranteed by the State of Florida, the U.S. government, the Florida Prepaid College Board, the FDIC, or any other governmental agency or financial institution.
A. The Plan is managed on behalf of the state of Vermont by the Vermont Student Assistance Corporation (VSAC), a public nonprofit corporation established by the Legislature in 1965 to provide Vermont residents with the information and financial resources they need to pursue education or training beyond high school. VSAC is the investment manager for the Interest Income Option, which is distributed by Teachers Personal Investors Services, Inc., and TIAA-CREF Individual & Institutional Services, Inc. TIAA-CREF Tuition Financing, Inc. (TFI), is the investment manager for the Managed Allocation Option and the 100% Equity Option and is the program administrator for the Interest Income Option. TFI is part of TIAA-CREF, a New York-based financial services organization with more than 80 years of experience and over $250 billion in assets under management.
