Why the Maryland College Investment Plan?

Saving for college is easier than you think. With the Maryland College Investment Plan (also referred to as the College Investment Plan) managed by T. Rowe Price, you can save for college on your terms—starting with as little as $25.

Flexible in more ways than one.

With the College Investment Plan, decide how much you want to contribute.

You can use the funds to pay for a variety of Qualified Education Expenses like tuition, room and board, books, course-specific fees, supplies, and eligible trade and technical school expenses.

Select your own investment options from Enrollment-Based Portfolio Solutions and Fixed Portfolios. Learn more about our Investment Options.

Set up Automatic Contributions from your bank account or through payroll deductions, or make one time contributions by check or online.

Save for college with a "Silver" rated plan.

The Maryland College Investment Plan was one of only 15 plans to receive a “Silver” rating by Morningstar, Inc. in 2023*.

Access to a variety of tools and resources.

We offer a variety of tools and resources to help you decide how much to save for college, how frequently, and when to start as you develop your college savings strategy.

The College Savings Calculator can help your family understand future college expenses and estimate how much to save in order to stay on track with your college savings goals.

The GoTuition® gifting portal is a free, online tool that makes it easy for you to ask friends and family to contribute to your child's College Investment Plan. Open an Account today and make saving enough for college a real possibility.

An Investment Plan Account Holder** personalized SmartVideo. This video is crafted specifically for you and talks about ways you could reach your college savings goals, so you can review your savings and see how contributions may add up over time. Plus, the video provides important information about the distribution process if your Beneficiary is nearing college or in the distribution phase.

The Account Holder monthly E-Newsletter provides you with timely information on a variety of topics to help you during your college savings journey. It includes information about plan features and benefits, expert insights on education savings strategies from T. Rowe Price Certified Financial Planners updates to the Save4College State Contribution Program, and relevant regulatory changes.

Monthly contributions can really add up.

According to T. Rowe Price Certified Financial Planners, investing regularly can help cover a significant portion of college expenses. As seen in the chart below, monthly contributions can really add up as you think about how much to save for college and how frequently.

Monthly contributions chart


The chart assumes a 6% hypothetical annual rate of return compounded monthly, is for illustrative purposes a only, and does not project or predict the returns of any particular investment.

Morningstar analysts reviewed 54 plans for its 2023 ratings (11/2/2023), of which 15 plans received a “Silver” rating. To determine a plan’s rating, Morningstar’s analysts organized their research around four key pillars: Process, People, Parent, and Price. Visit this site for additional information about Morningstar's methodology. Plans were then assigned forward-looking ratings of “Gold,” “Silver,” “Bronze,” “Neutral,” and “Negative.” Each year, certain of the industry’s smallest plans are not rated.

Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar analysts’ current expectations about future events and, therefore, involve unknown risks and uncertainties that may cause Morningstar’s expectations not to occur or to differ significantly from what was expected. Morningstar does not represent its Analyst Ratings to be guarantees.

©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.


If an Account Holder has both the Maryland College Investment Plan and the Maryland Prepaid College Trust, the video does not include the Maryland Prepaid College Trust assets.

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