Most States offer Pre-Paid College Trust Funds. Please contact your plan administrator for information and requirements.
It is the student’s/parent’s responsibility to begin the process early to ensure that funds are requested from the trust fund and received by UMBC by the bill due date, to avoid late fees. For information and requirements for the Maryland Pre-Paid College Trust, please consult http://www.collegesavingsmd.org/
Many 529 College Savings Plans now offer a digital distribution option, which saves time and improves transparency with real-time payment tracking. When requesting a withdrawal from your 529 account, check with your plan manager to see if a digital distribution option is available.