Admission to institutions not guaranteed; coverage limitations
Va. Code Ann. § 23.1-711
in effectNothing in this chapter or in any prepaid tuition contract or savings trust agreement entered into pursuant to this chapter shall be construed as a promise or guarantee:
1. By the board or the Commonwealth of any admission to, continued enrollment at, or graduation from any public institution of higher education;
2. That the beneficiary's cost of tuition at an institution of higher education will be covered in full by the proceeds of the beneficiary's prepaid tuition contract, provided, however, that a prepaid tuition contract will cover that portion of tuition that is required under the terms of any such contract based on the tuition prepayments made; or
3. That any qualified higher education expense will be covered in full by contributions to or earnings on any savings trust account.
1994, c. 661 , § 23-38.86; 1999, cc. 485 , 518 ; 2016, c. 588 ; 2019, cc. 803 , 804 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/23.1-711/Fetched: 10/16/2026