Learning Quest is administered by Kansas State Treasurer Tim Shallenburger, who has a special message for you about saving for college. The Treasurer develops rules and regulations to implement the program, selects the financial organizations to handle education savings accounts and ensures that all aspects of the program comply with federal, state and Internal Revenue Service guidelines. The State of Kansas has selected American Century Investments Management, Inc. as the program manager. The mutual fund, brokerage and investment services company will manage investor accounts, provide customer service, educate investors and communicate the benefits of the program. Qualified withdrawals cannot be made for 24 months after an account is opened, although exceptions may be made for special circumstances by the State Treasurer.
Federal law sets the standards for qualifying as an accredited postsecondary institution.
An institution must offer credit toward an undergraduate or graduate degree or other recognized postsecondary education credential and must be eligible to participate in federal student aid programs. Reviews are generally conducted every five to ten years. Most public postsecondary schools are accredited. If you'd like to find out whether your school is accredited, check with your school's Office of Admissions for specific information. Eligibility for financial aid will depend on your family's financial circumstances at the time you apply for assistance.