SOURCE: Ohio Tuition Trust Authority

Ohio Tuition Trust Authority

January 30, 2012 16:56 ET

Paul Paeglis Named Executive Director of the Ohio Tuition Trust Authority

COLUMBUS, OH--(Marketwire - Jan 30, 2012) - The Ohio Tuition Trust Authority announced today that Paul Paeglis has been named the agency's new Executive Director. The Tuition Trust, a state agency within the office of the Chancellor of the Ohio Board of Regents, offers the CollegeAdvantage 529 Savings Plan which helps families financially prepare for higher education. As Executive Director, Mr. Paeglis will be responsible for the management of investments, promotion and operations of Ohio's $6.4 billion 529 plan.

"I am honored to serve as the Executive Director of the Ohio Tuition Trust," said Mr. Paeglis. "I am eager to lead the agency in a direction that will continue to grow and enhance Ohio's program to help families achieve their higher education goals."

Mr. Paeglis has over twenty years of experience in the banking and financial services industry. Most recently, he served for ten years as the Chief Financial Officer of Tax Related Products at JPMorgan Chase. Along with finance, his responsibilities have included risk management, operations, strategic planning, and relationship management. Mr. Paeglis earned a Bachelor's Degree in Business Administration from Saginaw Valley State University, and a Master's Degree in Business Administration from the University of Michigan.

Mr. Paeglis will take responsibility for the Director role that was been filled over the last several months on an interim basis by Richard Norman, past Tuition Trust Board member. Mr. Norman served as director while the Board conducted its candidate search.

"Mr. Paeglis' experience and expertise will further the growth and development of Ohio's 529 plan and mobilize more families to save for college," said Chas Withers, Executive Committee Chair of the Tuition Trust Board. "The Board looks forward to working with Paul to advance the strategic direction of the agency and is extremely grateful to Mr. Norman for his outstanding leadership over these last months."

Ohio's 529 plan offers a wide variety of investment options available through the Tuition Trust and financial advisors. The plan provides state and federal tax advantages to encourage families to save. Ohio's plan is consistently rated as one of the best plans in the country by leading financial and industry analysts at Morningstar Inc. and savingforcollege.com.

For more information about The Ohio Tuition Trust Authority please visit www.collegeadvantage.com or become a fan of CollegeAdvantage on Facebook or follow @Ohio529Plan on Twitter.

The Ohio Tuition Trust Authority is a state agency within the office of the Chancellor of the Ohio Board of Regents and was created by the Ohio General Assembly in 1989. The Tuition Trust offers the CollegeAdvantage 529 Savings Plan to provide families with a tax-advantaged way to save for college.

Contact Information

  • Contact:
    Judy Cunningham
    PR Manager
    The Ohio Tuition Trust Authority
    614-752-9350
    Email Contact