Maryland Prepaid Tuition Deficit Tops $80 Million - Matthew C. Keegan, Say Campus Life

You’ve been socking away college tuition money for your child for fifteen years, understanding that the funds you’ve been setting aside will be enough to cover all four years of your child’s higher education. Thanks to a prepaid college tuition program that you’ve been a part of since her birth, she’ll be able to afford tuition at the University of Maryland. Disquieting news from Maryland is showing some problems with that state’s prepaid college tuition program, to the tune of a $80 million shortfall in funding. Investment losses in 2008 caused the Maryland Prepaid College Trust to drop in value, raising concern among some parents that the money won’t be there when they need it.