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Reply to "What would you do with extra money?"
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[quote=Anonymous]I would not be surprised if tuition remission is actually a very affordable benefit for UMD. First, would-be students need to get admitted before getting remission. Second, they have to want to go to Maryland. If a former employee's kids don't, then it's a benefit that is never realized. I expect UMD and the state have considerable information on what percentage of this benefit actually gets realized and factors that into their operating budget and benefits plan. In addition, UMD in-state tuition is currently under $11k/year for College Park, and less elsewhere. Depending on the rate that employees make use of this benefit, it might not be any greater cost to the state than something typical like a 401k match or health care subsidy. Maybe even less.[/quote]
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