§ 23.1-711 — Admission to institutions not guaranteed; coverage limitations

Virginia § 23.1-711

• Jurisdiction: Virginia
• Title 23.1: Institutions of Higher Education; Other Educational and Cultural Institutions
• Subtitle II: Students and Campus
• Ch. 7: Commonwealth Savers Plan and Able Savings Trust Accounts

Text

Nothing in this chapter or in any prepaid tuition contract or savings trust agreement entered into pursuant to this chapter shall be construed as a promise or guarantee:

1. By the board or the Commonwealth of any admission to, continued enrollment at, or graduation from any public institution of higher education;

2. That the beneficiary's cost of tuition at an institution of higher education will be covered in full by the proceeds of the beneficiary's prepaid tuition contract, provided, however, that a prepaid tuition contract will cover that portion of tuition that is required under the terms of any such contract based on the tuition prepayments made; or

3. That any qualified higher education expense will be covered in full by contributions to or earnings on any savings trust account.

Legislative History

1994, c. 661, § 23-38.86; 1999, cc. 485, 518; 2016, c. 588; 2019, cc. 803, 804.