Section 6901.308 - Participation in Tuition Account Guaranteed Savings Program by eligible educational institutions(a) Public institutions.--The following public institutions of higher education shall participate in the Tuition Account Guaranteed Savings Program: (1) Community colleges operating under Article XIX-A of the act of March 10, 1949 (P.L. 30, No. 14), known as the Public School Code of 1949. (2) Universities comprising the State System of Higher Education.(3) The following State-related institutions: (i) The Pennsylvania State University.(ii) The University of Pittsburgh.(4) Any institution which is hereafter designated as "State-related" by the Commonwealth.(5) Any other eligible educational institution owned by the Commonwealth.(b) Private institutions.--A private institution may enter into an agreement with the department through which the institution, under terms mutually agreeable to the institution and the department, agrees to be a private institution that account owners may choose when designating their tuition level pursuant to a Tuition Account Guaranteed Savings Program Contract. The terms of the agreement shall include, but not be limited to, the determination of tuition credit prices, terms of redemption of tuition credits at the institution, conversion of tuition credits contributed at other tuition levels to tuition at the institution and appropriate conversion of tuition credits to other educational expense credits.1992, April 3, P.L. 28, No. 11, § 308, imd. effective. Amended 2000, June 22, P.L. 418, No. 58, § 3, effective in 60 days.