What happens if my beneficiary attends college as a half-time undergraduate student?
In order to receive Benefits, other than Unused Benefits, your Beneficiary must be enrolled at least halftime. Half-time is defined as at least one-half of the minimum number of credits necessary to be considered a full-time student by the Eligible Institution. If your Beneficiary attends a Maryland Public College, the Prepaid College Trust will pay one-half of the in-state or in-county Tuition for a full-time student or the actual Tuition charged by the Eligible Institution to the student, whichever is less. If a student attends an Eligible Institution that is private or out of state, the Prepaid College Trust will pay one-half of the Benefit for a full-time student per semester or the actual Tuition charged by the Eligible Institution to the student, whichever is less. If the Prepaid College Trust’s payment does not cover the entire Tuition cost to the student, the Prepaid College Trust is not responsible for the difference.
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- What happens if my beneficiary attends college as a half-time undergraduate student?
