The state of Maryland and Maryland 529 (formerly College Savings Plans of Maryland) are teaming up to help make it easier for children to attend college: Simply open an account in the Maryland College Investment Plan, which is managed by T. Rowe Price, and you could be eligible for a $250 contribution from the state.
Your savings can be applied to tuition at most U.S. colleges and technical or trade schools—and even international universities that have a federal school code.
A 529 plan is a tax-advantaged investment plan designed to allow adults or children to save for higher education expenses and is named after the section of the Internal Revenue Code that created it.
To learn more about the program and to get started, visit Maryland529.com.
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