Path2College 529 Plan

Glossary

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Account Application
The account application is the application to be completed and submitted to the Path2College 529 Plan along with payment, to participate in the Path2College 529 Plan. It incorporates by reference the Path2College 529 Plan Participation Agreement.

Accredited School
An accredited school is a school that is eligible to participate in certain federal student aid programs. This might be a college or graduate school, or a vocational or trade school. Most major colleges and universities are accredited. Contact your school to determine if it is accredited.

Beneficiary
The Beneficiary is the person named by the Account Owner in the Account Application (or in a Change of Beneficiary form).

Contingent Owner
The Contingent Owner is the person designated by the account owner on the account application to become the owner of the account upon the account owner's death.

Coverdell Education Savings Account (CESA or ESA)
A Coverdell ESA is a trust or custodial account created or organized in the United States only for the purpose of paying the qualified education expenses of the designated beneficiary of the account.

Custodial Account
An account that is created for the benefit of a minor, with an adult (agent, bank, trust company, or other organization) as the custodian in accordance with applicable state law. With custodial accounts, control of the account transfers to the beneficiary at the age of majority (18 or 21 depending on state). Also called an UGMA/UTMA account.

Custodial Account Application
This is an account application used by a custodian. Print the Custodial Account (PDF, 81KB) application. Also called an UGMA/UTMA account application.

Custodian
An agent, bank, trust company, or other organization that holds and safeguards an individual's account assets for him or her.

Education IRA
See Coverdell Education Savings Account (CESA or ESA).

EGTRRA
EGTRRA is the Economic Growth and Tax Relief Reconciliation Act of 2001, as amended, and the Treasury regulations, pronouncements and publications there under.

Eligible Educational Institution
Generally are accredited, post secondary educational institutions offering credit towards a technical certificate, an associate's degree, a bachelor's degree, a graduate level or professional degree, or another recognized post-secondary credential.

Entity Account Application
This is the account application used by trusts or estates, business entities, Internal Revenue Code Section 501(c)(3) organizations, or state/local governments. Download the Entity Account (PDF, 99KB) application.


Glossary terms continue:

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NOT SURE WHERE TO BEGIN?
  1. Use the calculators to see how much college will cost and how much you need to save.
  2. Read our FAQ and the  Disclosure Booklet and Participation Agreements (PDF, 519KB), or call us toll-free at 1-877-424-4377
  3. Open an Account today.

Don't forget you can set up an Automatic Contribution Plan (PDF, 60KB) or use Payroll Deduction for your contributions (if offered by your employer).

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The Path2College 529 Plan is offered by the State of Georgia. TIAA-CREF Tuition Financing, Inc. (TFI) serves as Program Manager. TFI's affiliates, Teachers Personal Investors Services, Inc. (TPIS) and TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distribute the Path2College 529 Plan.

The tax information contained on the Path2College 529 Plan Web site is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. It was written to support the promotion of the products and services addressed in the Web site. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

The investment approaches described are not recommendations and do not take into consideration personal goals or preferences. After evaluating information you consider important in making an investment choice, the ultimate decision is up to you. It is a good idea to revisit your investment strategy periodically as your goals, personal financial situation, and market conditions change.

Consider the investment objectives, risks, charges and expenses before investing in the Path2College 529 Plan. Please call toll-free 1-877-424-4377 for a Disclosure Booklet containing this information. Read it carefully.

Before investing in a 529 plan, you should consider whether the state you or your designated beneficiary reside in or have taxable income in has a 529 plan that offers favorable state income tax or other benefits that are only available if you invest in that state's 529 plan.

The State of Georgia, its agencies, TIAA-CREF Tuition Financing, Inc., Teachers Insurance and Annuity Association of America and its affiliates do not insure any account or guarantee its principal or investment return except for TIAA-CREF Life Insurance Company's guarantee to the Board of the Georgia Higher Education Savings Plan under the funding agreement for the Guaranteed Option. Account value will fluctuate based upon a number of factors, including general market conditions.

The Path2College 529 Web site is for informational purposes only, and does not constitute an offer to sell or solicitation of an offer to buy any security that may be referenced on the site. Such offer or solicitation can be made only through the Disclosure Booklet

The Path2College 529 Web site contains links to other Web sites. Neither the Board of the Georgia Higher Education Savings Plan nor TIAA-CREF Tuition Financing, Inc. and its affiliates are responsible for the content of those other Web sites. The accuracy of information on those sites cannot be confirmed.

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