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529 Basics
529 Basics FAQs
The Advantage of Starting to Save Earlier
Why the Maryland College Investment Plan?
Tax Advantages
New to Maryland?
State Contribution Program
Financial Aid
For Every Saver
New and Expectant Parents
Grandparents
Financial Professionals
Employers
K-12 Private School
529 Basics
529 Basics FAQs
The Advantage of Starting to Save Earlier
Why the Maryland College Investment Plan?
Tax Advantages
New to Maryland?
State Contribution Program
Financial Aid
For Every Saver
New and Expectant Parents
Grandparents
Financial Professionals
Employers
K-12 Private School
Basics of 529 Plans
What is a 529 plan?
Are there different kinds of 529 plans?
Where can I use a 529 plan’s savings?
Do I have to pay taxes on the money in my 529 plan?
Who can open a 529 plan account?
Can a beneficiary have more than one account?
Can friends and relatives contribute to an account?
Can I use the funds in a 529 plan account for books? Or is it for tuition only?
My child is already in high school. Is it too late to open an account?
What if my beneficiary receives a scholarship?
Can I transfer ownership of my account to someone else?
What are “Qualified Educational Expenses”?
Can an account in a 529 plan be rolled over to another 529 plan?
Are there estate tax benefits with a 529 plan?
What happens if my child doesn’t go to college right after high school or at all?
How will using a 529 plan affect eligibility for financial aid?