Prepaid Tuition Plan
The Maryland Prepaid Tuition Plan is a savings plan that allows parents
to set aside funds to pay college tuition for their dependents. The university
does not bill the tuition plan directly. Normally, once the first bill
of the semester is received, parents forward a copy of the bill to the
Maryland Prepaid Tuition Plan and the tuition plan sends payment to the
university on behalf of the student.
Payments received are posted to the student’s account within 72 hours
of receipt. For more information about the State of Maryland’s plan,
visit www.collegesavingsmd.org. Prepaid
tuition plans are also available in many states and procedures
for requesting payment from the tuition plan may vary. For information regarding
prepaid tuition plans outside the State of Maryland, please contact a representative
from your individual state program.
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