college savings for kid

[Anonymous]

Anonymous wrote:

They will pay out a lump payment to either a private or out of state school. They base the amount on the current amount of tuition that year that you are going.

This is the explanation of weighted average tuition and it's very complicated: The Weighted Average Tuition is the in-state or in-county Tuition at each Maryland public college times the number of full-time equivalent in-state or in-county students enrolled at that college, added together. This total is then divided by the number of full-time equivalent in-state or in-county students enrolled at all Maryland public colleges.

So it's not as simple as what you said and i can't figure out what this means. If Maryland tuition in 2025 is $15k/year and does that mean that they will transfer $15k/year to another institution? doesn't seem like it

[Anonymous]

I worry about government programs that make guarantees. I think of the pension crisis we have now. For us, we use the Maryland College Saving plan so a bureaucrat doesn't decide how much money we get.