The College Savings Plans of Maryland is the easy, affordable and smart way to save for your child's education at nearly any college in the nation. Starting to save now is the best thing you can do to support their success in 5. 10. or 18 years. We offer two distinct and flexible plans that will help you accomplish your goals and help give your child a head start. Also, they’re the only 529 plans that offer a Maryland State income deduction for Maryland taxpayers. Very cool.
Backed by a Maryland Legislative Guarantee
2014-2015 Enrollment 12/4/2014 - 04/15/2015
Enrollment is Open All Year
Use one or choose both; as little as $25 per month can get you started today. Remember, it’s never too early or late to have a plan.
Please carefully read the Enrollment Kit which describes the investment objectives, risks, expenses, and other important information that you should consider before you invest in the College Savings Plans of Maryland. The Enrollment Kit is available online or by calling 888.4MD.GRAD (463.4723). Also, if you or your beneficiary live outside of Maryland, you
should consider before investing whether your state or your beneficiary’s state offer state tax or other benefits for investing in its 529 plan.
Morningstar analysts reviewed 64 plans for its 2014 ratings (10/21/2014) of which 4 plans received a "Gold" rating. To determine a plan’s rating, Morningstar’s analysts considered five factors: the plan’s strategy and investment process; the plan’s risk-adjusted performance; an assessment of the individuals managing the plan’s investment options; the stewardship practices of the plan’s administration and parent firm; and whether the plan’s investment options are a good value proposition compared to its peers. Plans were then assigned forward-looking ratings of "Gold," "Silver," "Bronze," "Neutral," and "Negative." 21 of the industry’s smallest plans were not rated in 2014.
Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar analysts’ current expectations about future events and therefore involve unknown risks and uncertainties that may cause Morningstar’s expectations not to occur or to differ significantly from what was expected. Morningstar does not represent its Analyst Ratings to be guarantees.