Balancing Educational Investments Amendment Act of 2026

This bill amends the District of Columbia's College Savings Plan by requiring the Chief Financial Officer to periodically review and adjust the maximum contribution limit to keep pace with rising education costs. It directly affects District residents who use the savings plan to fund higher education for themselves or their dependents. The key provision mandates that the maximum limit be revised every five years starting in 2027, using a formula based on tuition, fees, room and board at the 10 most expensive regional colleges, along with federal financing limits. The bill also requires the Chief Financial Officer to publish the actuarial estimates used to determine any limit increases, ensuring transparency in how the cap is adjusted.