1. (a) Nothing in this subtitle or in any prepaid contract may be construed as a promise or guarantee by the State Treasurer of admission to, continued enrollment at, or graduation from an institution of higher education.
2. (b) The actual tuition rate charged to a qualified beneficiary shall be determined at the time of enrollment in accordance with the residency policy adopted by the governing board of the institution of higher education at which the qualified beneficiary enrolls.

Added by Acts 1997, c. 110, § 1, eff. July 1, 1997; Acts 1997, c. 111, § 1, eff. July 1, 1997. Amended by Acts 1999, c. 551, § 1, eff. Oct. 1, 1999; Acts 2000, c. 494, § 1, eff. July 1, 2000; Acts 2023, c. 113, § 1, eff. June 1, 2023.