The state of Maryland and the Maryland 529 College Investment Plan are teaming up to help make it easier for children to attend college. Open a 529 account by May 31, and you could be eligible for a $250 or $500 contribution from the state. See program eligibility requirements here.
Your savings can be applied to tuition at most U.S. colleges and technical or trade schools—and even at international universities that have a federal school code.
A 529 plan, named after the section of the Internal Revenue Code that created it, is a tax-advantaged investment plan designed to allow adults or children to save for higher education expenses.
Webinar: Intro to College Savings
Join Maryland 529 at noon on Thursday, May 29, for an informational webinar about the Maryland College 529 Investment Plan. Register here.
To learn more about the program and to get started, visit Maryland529.com.
Explore more resources
Marsh McLennan Agency, JHU's partner in helping you manage your financial health, offers Prosper Wise, a digital platform and one-stop hub for all things financial planning.
Here is a selection of MMA resources for families saving for a child's college education.
You also can schedule a consultation to speak one-on-one with a financial professional.
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