Maryland 529 Prepaid College Trust
The Maryland 529 Maryland Senator Edward J. Kasemeyer Prepaid College Trust is a unique plan that allows families to prepay future college tuition at today's prices. Managed by T. Rowe Price and the Maryland Higher Education Commission, this plan offers protection against rising tuition costs. Families can choose from various payment options and lock in tuition rates at eligible Maryland institutions. It stands out with its prepaid structure, providing families with peace of mind and financial planning certainty. The plan also offers potential state income tax benefits for Maryland residents and a flexible usage timeline for benefits.
EnrollState Tax Incentive
$2,500 single / $5,000 joint beneficiary, 10 year carryforward
Program Manager
Intuition College Savings Solutions
Investment Manager(s)
Vanguard
Plan type
Direct
Investments
Guided Investments
N/A
ESG Investments
No
Avg. expense fee
0.650%
Fee Range
N/A
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
43%
for MD residents
25%
non-residents
Other
Connect with Mint.com
Track your finances in one place.
Yes
Connect with Backer
Full end to end enrollment, gifting and plan management.
Gifting Only
Mobile app
Backer App covers this plan.
No
General Recommendation
This is a direct sold 529 plan, not rated by Morningstar.
