Save4College State Contribution Program

Thank you for your interest. The 2019 application period is now closed. The 2020 application period will open on January 1, 2020.

Saving for college is a challenge for many families. The State of Maryland and Maryland 529 are teaming up to help make it easier for your child's dream of attending college to come true. The Save4College State Contribution Program is designed to help lower to middle-income families in Maryland save money for higher education. Your savings can be used at nearly any public, private, or technical college nationwide--and even international universities that have a federal school code--for qualified eligible expenses such as tuition, fees, room and board, etc.

To apply, you must meet the following requirements:

  • The Beneficiary must still be a Maryland resident and the Account Holder's Maryland taxable income cannot exceed the maximum household income range ($112,500 as an individual or $175,000 as a married couple filing jointly based on the previous taxable year).
  • Applicants must open a new Maryland College Investment Plan Account; however, current Account Holders are eligible to apply if they opened the MCIP Account after December 31, 2016. All applicants must submit their application for the Save4College State Contribution Program by 11:59pm on May 31.
  • You must make the minimum contribution* to the applied-for Account(s)^ no later than November 1.
 Maryland Taxable Income    
 Individual Joint  *Minimum Contribution  State Contribution 
 $49,999 or less $74,999 or less  $25  $500 
$50,000 - $87,499  $75,000 - $124,999  $100  $500 
$87,500 - $112,500  $125,000 - $175,000  $250  $250 

State contributions are not guaranteed. The State funding for contributions is limited to $3,000,000 in fiscal year 2019 and each fiscal year thereafter. As with the entire State budget, the Maryland General Assembly has final approval. If resources are insufficient to fully fund all eligible accounts, Maryland 529 shall provide contributions in the order in which applications are received in good order and give priority to applications of Account Holders who did not receive a State contribution in any prior year. 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 MCIP Account. You should check with your tax advisor regarding your specific situation. 


When Do I Need to Make a Contribution?

If you open an Account to apply for the Save4College State Contribution Program, the initial contribution requirement that generally applies to new Accounts will be waived. To be eligible to receive the State contribution, however, you must make the minimum contribution of $25, $100, or $250, based on your household income (as verified by the Office of the Comptroller of Maryland), no later than November 1. You must make the minimum contribution into the Account(s) in which you applied for the State contribution^.


When Will I Receive the Money in My Account?        

If the applicant is determined eligible and makes the required contribution no later than 11:59pm on November 1, and if the State provides program funding, State contributions will be received by December 31 of the calendar year in which the Account Holder made the contribution.

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 MCIP Account. Current MCIP Account Holders who do not receive a State contribution, however, are still eligible to receive a Maryland income tax deduction of up to $2,500 per year, per Beneficiary for contributions made to the MCIP Account.


What if I Have Additional Questions?

Click here to access Frequently Asked Questions. You may also call 888.4MD.GRAD (888.463.4723) and select Option 1, or email   


^If you request a Beneficiary change, Portfolio Change or Distribution after submitting your application, or otherwise wish to change the applied-for Account please contact us at the number above for instructions.