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§ 20-3-638. Annual Statement and Report Requirements; Audits

The board shall furnish, subject to reasonable administrative fees and charges, to each account owner an annual statement of the following: The amount contributed under the savings trust agreement; The annual earnings and accumulated earnings on the savings trust account; and Any other terms and conditions that the board deems by rule are necessary or […]

§ 20-3-639. Plan Not Designed as Promise or Guarantee of Educational Benefits

This article is not a promise or guarantee that any beneficiary will be: Admitted to any institution of higher education; Admitted to a particular institution of higher education after admission; Allowed to continue enrollment at an institution of higher education; or Graduated from an institution of higher education. History. Code 1981, § 20-3-639 , enacted […]

§ 20-3-640. No Guarantee of Full Coverage of Educational Expenses

Nothing in this article or in any savings trust agreement entered into pursuant to this article shall be construed as a promise or guarantee by the state or any agency or instrumentality of the state that either qualified higher education expenses in general or any specific qualified higher education expense shall be covered in full […]

§ 20-3-641. Effect of Account in Determining Eligibility for State Aid

Notwithstanding any state law to the contrary, no moneys on deposit in any savings trust account shall be considered an asset of the parent, guardian, or student for purposes of determining an individual’s eligibility for a need based grant, need based scholarship, or need based work opportunity offered or administered by any state agency except […]

§ 20-3-642. Records Not Open to Public Inspection; Duration

The provisions of Article 4 of Chapter 18 of Title 50 notwithstanding, the following records, or portions thereof, shall not constitute public records and shall not be open to inspection by the general public: Completed savings trust account applications, executed savings trust account agreements, and savings trust account numbers; All wiring or automated clearing house […]

§ 20-3-660. Tuition Waiver Program for Qualifying Foster and Adopted Individuals

It is the policy of the General Assembly that resources of this state should be committed to support benefits and positive outcomes for youth who age out of foster care. A postsecondary education can benefit these youth, many of whom who have come from places of great disadvantage; however, too few have been able to […]

§ 20-3-680. Legislative Findings; Definitions

The General Assembly finds that intercollegiate athletic programs provide student athletes with significant educational opportunities. However, participation in intercollegiate athletics should not infringe upon the rights of student athletes to have control over and profit from the commercial use of their name, image, or likeness. As used in this article, the term: “Intercollegiate athletic association” […]

§ 20-3-630. Short Title

This article shall be known and may be cited as the “Georgia Higher Education Savings Plan Act.” History. Code 1981, § 20-3-630 , enacted by Ga. L. 2001, p. 76, § 1.