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UMB offers several types of educational benefit programs that are available to eligible faculty, staff, and retirees.
Tuition remission is a waiver of tuition and is available to benefit-eligible employees and their eligible family members who qualify and are admitted to schools within the University System of Maryland. The benefit applies to tuition only; all non-tuition expenses and fees are the responsibility of the student.
Tuition Remission Policies
Tuition reimbursement covers courses not offered at a participating USM campus. The employee pays for the course and is reimbursed based on the successful completion of the course. Employees must provide documentation illustrating that the course is not available within USM. The course MUST be job-related. Pre-approval is required. A letter from your department head must be provided substantiating that the course is job-related. All documents must be submitted to the Benefits Office with a completed Tuition Reimbursement Form.
College Savings Plans of Maryland
The College Savings Plans of Maryland is the easy, affordable and smart way to save for your child's education at nearly any college in the nation. College Savings Plans of Maryland is a program available to all Maryland residents. It is not a benefit administered by UMB/USM or the State of Maryland's Department of Budget and Management, Employee Benefits Division.
There are two different plans that are offered to help you save for college, the Maryland Prepaid Trust and the Maryland College Investment Plan. Both are 529 plans, which means they offer a Maryland State income deduction for Maryland taxpayers.