The Save4College State Contribution Program is now accepting applications. You may be eligible for a $250 or $500 contribution. Apply by May 31!
Learn More
New and Expectant Parents
While your child's future educational path may seem far away, saving now can help make a big difference later.
For over 20 years, the Maryland College Investment Plan has helped families like yours invest in a brighter future.
Whether planning for college, trade school, or an apprenticeship, start saving today so your child can go anywhere.
The Benefits of Our Plan
Why save with the Maryland College Investment Plan? Your child has big dreams about a future where they can be anything they want to be. A Maryland College Investment Plan account is flexible to help them pursue those dreams. And, it's affordable—you can get started with just $25.
Learn MoreCan I Open an Account Before My Child is Born or Adopted?
Yes! You can open an account designating yourself or another family member as the beneficiary (please note that a Social Security number (SSN) is required for the person being named as a beneficiary). Once your child has received their SSN, you may change the beneficiary on the account. To avoid tax consequences, it is important that the initial beneficiary be a family member of the expected child, as defined by the IRS.
SAVING VS BORROWING
Saving Now Could Help You Pay Less Later
Did you know that investing in a 529 plan versus borrowing with a student loan may reduce your out-of-pocket expenses in half? Learn more about the advantages of saving versus borrowing.
TAX BENEFITS
Maximize State Income Subtraction
Maryland taxpayers can receive a maximum $2,500 income subtraction from their State adjusted gross income annually per beneficiary for contributions to the College Investment Plan.
Learn More About Tax AdvantagesOPENING AN ACCOUNT
How to Open a Maryland College Investment Plan Account
Take the first step on your education savings journey.
Open a College Investment Plan Account
Save for your child's future education today with the Maryland College Investment Plan managed by T. Rowe Price, an investment management firm with more than 80 years experience.
Choose an Investment Option
We offer a variety of investment options whether you are new to investing or prefer a hands-on approach.
Contribute All at Once or Save Regularly
Once you open your account you can tailor your contributions to your current budget. It's easy to save with one time contributions or reoccurring contributions with the option of increasing over time.
Recurring ContributionsPlease note that the availability of tax or other benefits may be conditioned on meeting certain requirements such as residency, purpose for or timing of distributions, or other factors, as applicable.
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 professional regarding the specific tax rules for your state.
The Save4College State Contribution Program is Now Accepting Applications for 2025!
Open a Maryland College Investment Plan Account and apply by May 31.
