CollegeAdvantage Terms to Consider
Any individual who establishes and controls an account within the plan. The account owner may be either the person who established the account or a successor account owner.
The individual designated by an owner to receive the benefit of an account.
The addition of funds to an account which can be made periodically or sporadically. Contributions do not necessarily have to be made by the account owner.
Money distributed from an account to fulfill a withdrawal request. There are two types of distributions, qualified distributions and non-qualified distributions.
Qualified Education Expenses
Expenses such as tuition, fees, and the costs of books, supplies and equipment required for the enrollmentor attendance of a beneficiary at an eligible educational institution.
An investor should consider the investment objectives, risks, charges and expenses associated with municipal fund securities before investing. More information about municipal fund securities is available in the issuer's Program Description. You may obtain a Program Description by clicking here or calling 866-529-8582. The Program Description should be read carefully before investing.
Any investment in a BlackRock CollegeAdvantage mutual fund-based investment option is not insured or guaranteed by the FDIC or any other governmental agency or other party, including the custodian/state of Ohio, the Tuition Trust, BlackRock or any of the mutual fund firms under contract with the Ohio Tuition Trust Authority. An investment in a BlackRock CollegeAdvantage mutual fund-based investment option is not a direct investment in a mutual fund itself. Participants assume all investment risk of an investment in the BlackRock CollegeAdvantage 529 Plan, including the potential loss of principal and liability for penalties such as those levied for non-educational withdrawals. Regular investing does not ensure a profit or protect against a loss in a declining market. The amount actually available for withdrawal will depend on the investment performance of the investment options chosen.
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