The 2019-2020 Enrollment Period will close at 11:59 pm on June 30, 2020. If you have a child under the age of 1 year or if you are a current MPCT or MCIP Account Holder, you may still enroll in the Prepaid College Trust. Please call 1.888.4MD.GRAD ext. 2 to speak with a customer relations specialist.
The Maryland Prepaid College Trust is one smart way to save. Your payments are pooled with those of our other Account Holders and invested to fund your future benefit payments. By devoting a fixed lump sum amount or selecting monthly or annual payments, you’ll put your college savings goals within reach, by locking in the price of future tuition today!
It’s that simple!
The Maryland Prepaid College Trust has a lot of other great benefits for Maryland 529 plan participants:
- Start with as little as a one semester plan.
- Your benefits can be used both in or out of State – providing flexibility.
- It’s backed by a Maryland Legislative Guarantee.
- Flexible tuition plans and payment options that can be changed at nearly any time.
- Your payments may be eligible for a Maryland State income deduction of up to $2,500 per year, per Account.
- Any earnings are tax-free when used for qualified education expenses.
Learn more about the Features & Benefits.
Earnings on a distribution not used for qualified expenses may be subject to income taxes and a 10% federal penalty. State tax laws and treatment may vary. Please check with your state or a tax advisor regarding the specific tax rules for your state.
Is the Maryland Prepaid College Trust right for you?
Who can enroll?
The Prepaid College Trust is open to newborns through 12th graders. At the time of enrollment, either you or the Beneficiary (child) must be a Maryland or DC resident.
When can I enroll in the Maryland Prepaid College Trust?
During the 2019–2020 enrollment period: December 1, 2019 — June 30, 2020.
The Maryland Prepaid College Trust offers a range of flexible tuition plans and payment options. Choose from:
University Plan (1 semester - 4 years)
Community College Plan (1-2 years)
Two Plus Two Plan (2 years at Community College and 2 years at a four-year college)
Lump Sum, Annual, 5-Year Monthly, Extended Monthly, and Down Payment
Learn more about tuition plans and payment options.
Can’t decide which plan to choose? Remember, you don’t have to! You can save for college with both the Prepaid College Trust and the College Investment Plan, or pick the plan that’s better for your needs.
Compare the benefits of both Plans.