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Automatic Monthly Contributions

Contributing to your Maryland 529 Account with an Automatic Monthly Contribution* (AMC) is an easy and convenient way to help build your college savings.

With AMC, you can:

Choose a monthly contribution amount that fits your budget.

Increase or decrease contribution amounts at any time.

Contribute automatically from your bank account or through payroll deductions** (if offered by your employer).

Eliminate the need to write checks or mail contribution slips.

College Investment Plan (MCIP) Account Holders:

Start with as little as $25 per month.

Simply log in to access your Account online.

Select “Transactions” button.

Select “Automatic Monthly Contributions” to get AMC set up.


The Benefits of Contributing More

This chart shows the potential growth of AMC contributions made into your College Investment Plan Account over time.

MD529 Savings Chart

Assumes AMC made at the end of each month, 6% hypothetical rate of return compounded monthly, and a 0.05% annual program management fee. This chart is for illustrative purposes only and does not predict or project the return of any specific investment option. Investment returns in the Maryland College Investment Plan will vary and may be higher or lower than in this example. An actual investment may assess fees or other charges that should be considered prior to investing. An AMC does not assure a profit or protect against loss in declining markets.

Are You Making the Most of the Tax Benefits Available to You?


The State of Maryland offers an income tax deduction of up to $2,500 per year, per Beneficiary in the College Investment Plan in that calendar year.*** Click here to learn more.


Automatic Monthly Contributions involve a process called dollar cost averaging. Dollar cost averaging cannot assure a profit or protect against loss in a declining market. It involves continuous investing, regardless of fluctuating price levels. Investors should consider their ability to continue investing through periods of fluctuating price levels.


For MCIP Accounts only.


If you receive a State contribution for any Account in a given year, you are not eligible in that year for the income deduction on your State taxes for contributions that you made to that or any other Maryland College Investment Plan Account. You should check with your tax professional regarding your specific situation.