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, please 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. You may also reach out to Student Business Services for additional information on agency payments at UMBC.