Colleges consider delaying tuition bills for families affected by issues with Maryland 529 savings plan

The University System of Maryland, the Maryland Independent College and University Association and the Maryland Association of Community Colleges are responding to requests to delay tuition payments by families who were affected by problems with accounts overseen by a state agency to fund their children’s education. A group of state senators, led by Democrat Sarah Elfreth of Anne Arundel County, sent a letter Monday to those institutions, as well as Morgan State University in Baltimore and St. Mary’s College of Maryland in Southern Maryland, on behalf of almost 500 people who have said they were unable to access their full account amounts with Maryland 529.