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.

Enroll

State 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.