Maryland College Investment Plan
Start early. Save smart.
It’s easy to give your child a head start with the Maryland College Investment Plan. Opening an account now gives your money more time to grow tax-deferred, to help you be ready for rising tuition costs.
This is an investment plan that’s specifically designed to help you save for college. Money from the account can be used at almost any private or public college nationwide to pay for tuition, housing, books, and other eligible expenses.
Get more choices and more control.
You and your child have flexibility to prepare for the future. The plan offers:
- Flexible contribution options starting at $25 per month
- A wide choice of investment options managed by T. Rowe Price
- Freedom to invest for a child or adult of any age
- Low costs – no sales loads, commissions, or enrollment fees
Enjoy special tax benefits for Maryland taxpayers.
If you’re a Maryland taxpayer and the account holder, you can even save on taxes while building your college savings. You can deduct up to $2,500 of your contributions each year from your Maryland adjusted gross income for each of your beneficiaries.
Start saving for your child’s future today.
It’s easy to open your Maryland College Investment Plan account. Click on the link below or call 888.4MD.GRAD (463.4723) for an application.