New and Expectant Parents

As you cherish this time together with your growing family, Maryland 529 is here to help.

What’s best for them? Like many new parents, it’s a question you keep asking yourself again and again. And while it may be difficult to think about saving for future higher education expenses when college is 18 years away – or longer – saving now can help make a big difference later. Maryland 529 offers flexible and affordable plans that give your child the freedom to pursue their dreams.

Learn more about how Maryland 529 plans work

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About the plans

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Maryland Senator Edward J. Kasemeyer

College Investment Plan

Save for education your way with the freedom to choose how much and how often you want to invest based on your budget and goals.

The College Investment Plan offers:

Affordability—Begin with just $25.

Flexibility—Use your savings at nearly any public or private college, trade/technical schools, in the U.S. and even international universities that have a federal school code.

Freedom—Choose from a broad range of investment options ranging from more aggressive to more conservative investment strategies. The plan is managed by T. Rowe Price, an investment management firm with more than 80 years of experience.

Unique Tax Benefits—You may be eligible for federal and Maryland State tax benefits.

Availability—Open an Account anytime for anyone.

Gifting—Enroll in GoTuition®​ gifting portal a convenient way for friends and family to turn traditional gift giving into the gift of an education.*

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Maryland Senator Edward J. Kasemeyer

Prepaid College Trust

Secure tomorrow’s Tuition at today’s prices and use your plan at any federally accredited university or college nationwide.

The Prepaid College Trust offers:

Flexibility—Purchase one semester up to four years of college. Choose from different Tuition plan and payment options that can be changed at nearly any time.

Peace of Mind—Your Account is backed by a Maryland Legislative Guarantee.

Unique Tax Benefits—You may be eligible for federal and Maryland State tax benefits.

Enrollment Age Options—Open to 12th graders or younger, including newborns.

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*GoTuition and GoTuition design are trademarks of T. Rowe Price Group, Inc.

College Investment Plan

You can open an Account for your child at any time. When you have the child’s Social Security number, he or she can be set up as the Beneficiary. Or you may open an Account naming yourself as the Beneficiary in anticipation of the birth or adoption of a new child. You can then change the Beneficiary to be your child at a later date. You will just need the child’s Social Security number before requesting a Beneficiary change.

Prepaid College Trust

You can enroll your child online during the enrollment period, which is open December 1 through June 30. If you have a child under the age of one-year, or if you are an existing Maryland 529 Account Holder, you can enroll your child anytime and take advantage of the current year's Contract prices.

How can grandparents help with saving for college?

Did you know that grandparents can help pay for their grandchildren’s future education expenses while also taking advantage of a variety of tax benefits? Learn more.

Have additional questions?

Please contact one of our College Savings Specialists at 888.4MD.GRAD (463.4723). Hours and more specific contact information by plan can be found here.

Please note that the availability of tax or other benefits may be conditioned on meeting certain requirements such as residency, purpose for or timing of distributions, or other factors, as applicable

Earnings on a distribution not used for qualified expenses may be subject to income taxes and a 10% federal penalty. State tax laws and treatment may vary. Please check with your state or a tax professional regarding the specific tax rules for your state.