News for account owners with the suspended Guaranteed Savings Fund investment option in their CollegeAdvantage accounts

Payout rates effective August 1, 2009 for academic year 2009–2010:
Tuition Units: $86.33
Tuition Credits: $99.28

The Guaranteed Savings Fund investment option has been suspended since 2003. The suspension has been extended through December 2009. The code for completing Withdrawal Request Forms for the Guaranteed Savings Fund is GAR.

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•OCTOBER 2006 - New administrative rules for Guaranteed Savings Fund
Since 2003, the Ohio Tuition Trust Authority has reported to account owners on the actuarial deficit of the Guaranteed Savings Fund, which led to the suspension of new contributions. New administrative rules implemented on October 30, 2006 resulted in new policies and procedures for managing your Guaranteed Savings Fund account. The new policies vary based on the age of the beneficiary. These rule changes may affect how you use your account. Changes include limitations on beneficiary transfers, mandatory use of funds and limits on account ownership changes.

Copy of the letter which was sent to all account owners with the Guaranteed Savings Fund option, which summarizes the rule changes in detail.

Quick Guide to administrative rule changes.

Frequently asked questions regarding the new administrative rule changes for the Guaranteed Savings Fund.