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Maryland College Investment Plan

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Frequently Asked Questions

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Saving for college is easier than you think! Get all the answers you need about the Maryland College Investment Plan here.



What is the Maryland College Investment Plan? How does the Maryland College Investment Plan work? Who can enroll? Are the funds in the account guaranteed? When can I enroll? When can the funds be used? How can I use the funds from the plan? Can I use the funds to pay student loan expenses? What are the contribution options and how much do I need to contribute? Are there any fees and expenses?

Beneficiaries



What if the beneficiary does not attend a college in Maryland? What if the beneficiary attends school part-time? How long does the beneficiary have to use the funds?

How to open and use to your account



How do I open an account? How can I contribute to the account? How can I request a distribution? How can I receive a distribution? Can I change my investment options after I open the account? Who has control over my account? Can I use Upromise contributions to fund my College Investment Plan account?

GoTuition^SM Gifting Portal - For Account Holders



Can friends and family give to my college savings plan account? What is the GoTuition gifting portal? Are there any fees associated with adding GoTuition gifting portal to my Maryland College Investment Plan account? How do I add GoTuition gifting to my account? If I have more than one beneficiary, do I need to set up a profile for each? What should I include in the Welcome Message for my beneficiary’s profile? Can I have gifts go into more than one portfolio? I’ve set up my beneficiary’s profile. How do I share with friends and family? Can people who send a gift see my account information? How will I know that a GoTuition gift has been sent to my account and how will I be able to differentiate gift contributions from my own contributions? Do I have the option to turn GoTuition gifting off for a beneficiary?

GoTuition^SM Gifting Portal - For Gifters



If someone has a Maryland College Investment Plan account, how do I give a gift? Are there tax benefits to making a gift to a 529 plan? How easy is it to use the GoTuition gifting portal to send a gift? What are the minimum and maximum gifts that can be sent? I don’t see my bank listed in the GoTuition gifting portal. How do I send my GoTuition gift? How do I know the gift was received? Can I set up re-occurring gifts?

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Disclosure Statement

Please read the entire Enrollment Kit carefully before deciding to enroll. The Maryland College Investment Plan Disclosure Statement provides investment objectives, risks, expenses and costs, Fees, and other information you should consider carefully before investing. If you or your beneficiary live outside of Maryland, you should compare Maryland 529 to any college savings program offered by your home state or your beneficiary’s home state, which may offer state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s 529 plan.

*Morningstar analysts reviewed 62 plans for its 2018 ratings (10/30/18), of which 10 plans received a “Silver” rating. To determine a plan’s rating, Morningstar’s analysts considered 5 factors: the plan’s strategy and investment process; the plan’s risk-adjusted performance; an assessment of the individuals managing the plan’s investment options; the stewardship practices of the plan’s administration and parent firm; and whether the plan’s investment options are a good value proposition compared with its peers. 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.

Please read the entire Enrollment Kit carefully before deciding to enroll. The Maryland College Investment Plan Disclosure Statement provides investment objectives, risks, expenses and costs, Fees, and other information you should consider carefully before investing. If you or your beneficiary live outside of Maryland, you should compare Maryland 529 to any college savings program offered by your home state or your beneficiary’s home state, which may offer state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s 529 plan.

*Morningstar analysts reviewed 62 plans for its 2018 ratings (10/30/18), of which 10 plans received a “Silver” rating. To determine a plan’s rating, Morningstar’s analysts considered 5 factors: the plan’s strategy and investment process; the plan’s risk-adjusted performance; an assessment of the individuals managing the plan’s investment options; the stewardship practices of the plan’s administration and parent firm; and whether the plan’s investment options are a good value proposition compared with its peers. 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.

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