Maryland 529 College Investment Plan
The Maryland 529 Maryland Senator Edward J. Kasemeyer College Investment Plan is a unique plan that offers families in Maryland a flexible approach to saving for education expenses. Managed by T. Rowe Price and the Maryland Higher Education Commission, this plan provides a variety of investment options, including age-based portfolios and individual fund choices. It stands out with its investment focus, allowing families to grow their savings through market performance. The plan also offers potential state income tax benefits for Maryland residents, including state income tax deductions on contributions. Additionally, the Maryland 529 College Investment Plan provides flexibility in using funds for qualified education expenses at eligible institutions nationwide.
EnrollState Tax Incentive
$2,500 single / $5,000 joint beneficiary, 10 year carryforward
Program Manager
T. Rowe Price
Investment Manager(s)
Vanguard, T. Rowe Price
Plan type
Direct
Investments
Guided Investments
target-enrollment-portfolios
ESG Investments
Yes
Avg. expense fee
0.335%
Fee Range
0.05-0.56%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
71%
for MD residents
54%
non-residents
Saving For College
Unbiased, independent resource for parents.
5
for MD residents
4.5
non-residents
Morningstar Rating
Once a year, the financial services firm Morningstar releases its 529 ratings.
Other
Connect with Mint.com
Track your finances in one place.
Yes
Connect with Backer
Full end to end enrollment, gifting and plan management.
Enrollment
Mobile app
Backer App covers this plan.
No
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Check out latest news about this plan.
General Recommendation
This is a direct sold 529 plan, rated as silver by Morningstar.
