Consider using your tax refund to save for college

If you’re a Maryland state resident you can deduct up to $2500 in contributions per account or beneficiary (depending on the plan you choose) from Maryland income each year. So, get a head start on your 2010 contributions and consider using your 2009 tax refund to help build your college savings. You can make a one-time investment within account access if you have banking instructions on file, or, for the Maryland College Investment Plan, you also have the option to mail your contribution in by completing a reinvestment slip. Remember, saving now could mean borrowing less in the future!

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