Maryland Code, EDUCATION 18-1914
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Terms Used In Maryland Code, EDUCATION 18-1914
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Contract: A legal written agreement that becomes binding when signed.
(a) Nothing in this subtitle or in any prepaid contract may be construed as a promise or guarantee by the Board of admission to, continued enrollment at, or graduation from an institution of higher education.
(b) The actual tuition rate charged to a qualified beneficiary shall be determined at the time of enrollment in accordance with the residency policy adopted by the governing board of the institution of higher education at which the qualified beneficiary enrolls.