Maryland 529 Board Chairman Peter Tsirigotis resigned Friday.Video above: Maryland 529 plan calculation issue affects hundreds (Jan. 12, 2023)Maryland 529 said in a statement posted on its website: “The Maryland 529 Board and staff would like to thank Peter for his dedication and service as the Maryland 529 board chair and wish him well in his future endeavors.”Vice Chairman Geoffrey Newman will serve as interim board chair until a new chairperson is elected at the Feb. 23 board meeting.Tsirigotis’ resignation comes amid problems with the popular prepaid college trust tuition program that affected almost 500 families across the state.Anthony Savia, executive director of Maryland 529, told 11 News last week that an interest rate calculation issue came about when the state was trying to give back to account holders since the plan was doing so well.Some parents of college students told 11 News they noticed over the past few weeks that the numbers weren’t adding up in their Maryland 529 accounts, even for those who already paid in full.
Maryland 529 Board Chairman Peter Tsirigotis resigned Friday.
Video above: Maryland 529 plan calculation issue affects hundreds (Jan. 12, 2023)
Maryland 529 said in a statement posted on its website: “The Maryland 529 Board and staff would like to thank Peter for his dedication and service as the Maryland 529 board chair and wish him well in his future endeavors.”
Vice Chairman Geoffrey Newman will serve as interim board chair until a new chairperson is elected at the Feb. 23 board meeting.
Tsirigotis’ resignation comes amid problems with the popular prepaid college trust tuition program that affected almost 500 families across the state.
Anthony Savia, executive director of Maryland 529, told 11 News last week that an interest rate calculation issue came about when the state was trying to give back to account holders since the plan was doing so well.
Some parents of college students told 11 News they noticed over the past few weeks that the numbers weren’t adding up in their Maryland 529 accounts, even for those who already paid in full.
