Silver Spring resident Brian Savoie began setting aside money for his son’s college tuition nearly 20 years ago, when his first-born, Caleb, entered kindergarten. Now, facing a fall semester tuition payment, the Savoie family cannot access all of the money in their account due to a glitch in one of Maryland’s tuition savings programs.
Administrators of the Maryland Prepaid College Trust acknowledge the problem. They say that during a switch-over to a new vendor, an audit raised concerns as to whether interest earnings were being calculated accurately. That led to the interest portion of accounts like the Savoies’ to be frozen...
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