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Investment Plan

Frequently Asked Questions

Home /Investment Plan  / FAQs
Investment Plan
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  • Investment Plan
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Maryland College Investment Plan

Have questions? Get your answers here.

 
What is the Maryland College Investment Plan?

 
How does the College Investment Plan work?

 
How do I open an Account?

 
How can I contribute to an Account?

 
Can I change my investment options after I open the Account?

 
Are the funds in the Account guaranteed?

 
When can the funds be used?

 
How can I use the money in my Account?

Beneficiaries

 
Who can be a Beneficiary?

 
Does saving in a 529 impact financial aid?

 
What if my Beneficiary receives a scholarship?

 
What if my Beneficiary doesn't go to college?

 
What if the Beneficiary attends school part-time?

 
How long does the Beneficiary have to use the funds?

Open a College Investment Plan Account Today

The freedom to save here and go anywhere.

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DISCLOSURE STATEMENT

The Maryland Senator Edward J. Kasemeyer Prepaid College Trust and Maryland Senator Edward J. Kasemeyer College Investment Plan Disclosure Statements provide 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. Previously, the combined Prepaid College Trust and College Investment Plan Disclosure Statements and the Highlights Brochure were collectively referred to as the "Enrollment Kit." These individual Plan Disclosure Statements replace the Enrollment Kit as the offering materials for each plan as of 12/1/2021.