Common Contracts
1 similar Participation Agreement contracts
Participation AgreementParticipation Agreement • January 18th, 2019 • Connecticut
The Connecticut Higher Education Trust (the “Trust”), Connecticut’s qualified tuition program, was established to promote and enhance the affordability and accessibility of higher education for residents of Connecticut. While the Trust is intended primarily as a savings and investment vehicle for college expenses, withdrawals may be made on a qualified basis to pay for primary and secondary school tuition expenses, subject to certain limitations. The Trust is administered by the Connecticut State Treasurer as the Trustee of the Connecticut Higher Education Trust. The Trust consists of two components: the Direct Plan, which is offered directly by the State of Connecticut, and the Advisor Plan (the “Advisor Plan”), which can be purchased only through financial advisors. The Trust is intended to meet the requirements of a qualified tuition program under Internal Revenue Code (“IRC”) Section 529 (“Section 529”). The Trust is authorized by sections 3-22e to 3-22o of the Connecticut General
