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Maryland Prepaid College Trust

Maryland Prepaid College Trust

Important Update to the Maryland Prepaid College Trust

Maryland 529 recently announced its partnership with Intuition College Savings Solutions, LLC (“Intuition”) as Program Manager of the Maryland Senator Edward J. Kasemeyer Prepaid College Trust (“MPCT” or “Prepaid College Trust”).  For more information, click here.

The features and benefits of the Maryland Prepaid College Trust will not change as a result of the tranisition. Please continue to read on to learn more about the Maryland Prepaid College Trust.

The 2021-2022 Enrollment Period is open through June 30, 2022. 

It’s that simple!

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 securing the price of future tuition today!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 current enrollment period which runs from December 1 – June 30. If you have a child under the age of one-year, or if you have an existing Maryland 529 Account, you are eligible to enroll in the Prepaid College Trust at any time.

The Maryland Prepaid College Trust offers a range of flexible tuition plans and payment options. Choose from:

Tuition Plans

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)

Payment Options

Lump Sum, Annual, 5-Year Monthly, and Extended Monthly.

You may also make a down payment at any time and either pay your plan ahead or refinance for a lower monthly payment for the remainder of your payment schedule.

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.