Save Your Way | Maryland College Investment Plan

WHY THE MARYLAND college investment plan?

Why Save with the College Investment Plan?

It's flexible in more ways than one and offers a unique Maryland state income subtraction for Maryland taxpayers on contributions of up to $2,500 per beneficiary each year.

Decide how much you want to contribute starting with as little as $25.
Select your own investment options from Enrollment-Based Portfolio Solutions and Fixed Portfolios.
Any earnings are federally tax-free when used for qualified education expenses at colleges and trade schools, K-12 tuition, and more.
Your contributions may be eligible for a Maryland state income subtraction.
You could be eligible to receive a $250 or $500 contribution through the State Contribution Program.
Invite friends and family to be a part of your savings journey with a Ugift® code that links directly to your account.

Investment options

Choose a Target Year Portfolio or DIY. We've Got Options.

Choose the investment option that best meets your goals.

Enrollment-Based Portfolios are target-date investments that change automatically based on time horizon.

Portfolios that automatically adjust their investment mix from more aggressive to more conservative as the enrollment year approaches. Portfolios with a longer time horizon emphasize stock mutual funds for their growth potential, and then shift to an emphasis on bond investments.

Total assets as of 10/31/2024

$10,137,239,873

We are unable to display performance information at this time. Please refresh the page or check back later.

Portfolio Prices and Performance

Enrollment-Based Portfolios

Each Enrollment-Based Portfolio is composed of various T. Rowe Price mutual funds. The portfolio's investments automatically shift as the target year is approached. When the target year is further off, the portfolio starts with a greater exposure to stocks to focus on growth potential and then shifts over time to bond funds, with the goal of reducing risk and volatility as the target year nears.


Name	Unit Price	Change		APY	YTD	1 year	3 year	5 year	10 year	Since inception	Inception date	Total Annual Asset-Based Fee⁽¹⁾
	Portfolio Prices as of				Average annual total returns as of

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Unit price, principal value, and return will vary, and you may have a gain or loss when you sell your units. All portfolios are subject to market risk, including possible loss of principal.

¹ The stated Total Annual Asset-Based fees include the estimated underlying mutual fund expenses, which are based on a weighted average of each fund's expense ratio (net of any expense limitations in place), in accordance with the portfolio's asset allocations among the applicable funds listed in the Plan Disclosure Statement as of October 1, 2023. The Total Annual Asset-Based Fees also include the State fee and the program fee. Please see the Plan Disclosure Statement for further details.

General Information:

Total return figures include changes in principal value, and any reinvested dividends and capital gain distributions. For portfolios less than one year old, the since inception return figure is not annualized and represents an aggregate total return. Dividends and capital gains distributed by underlying mutual funds become income to the portfolios. However, the MCIP portfolios (except for the U.S. Treasury Money Market Portfolio) do not distribute any dividends or capital gains, so changes in the total returns are reflected by changes in the net asset value.

Price and performance information is updated each evening following the close of the NYSE. Updated information is provided only for business days that the NYSE is open for trading.

T. Rowe Price Investment Services, Inc., Distributor, Maryland College Investment Plan

Fixed portfolios that can be combined to create a custom mix or used individually to access specific markets.

Select and customize your own portfolio, choosing from our list of fixed or money market portfolios to best match your timeframe and investment strategy. As your target date comes closer or if your situation changes, you can adjust your investments up to twice a year or your future allocations at any time.

Total assets as of 10/31/2024

$10,137,239,873

We are unable to display performance information at this time. Please refresh the page or check back later.

Portfolio Prices and Performance

Fixed Portfolios

Fixed Portfolios offer specific asset classes that are composed of various mutual funds. With Fixed Portfolios, the asset allocations do not shift over time but that doesn’t mean you don’t have control or flexibility. You can move your assets to a more conservative or aggressive portfolio up to two times per year per beneficiary. Please note that all investments are subject to market risk, including the potential loss of principal.

Fixed Portfolios
Name	Unit Price	Change		APY	YTD	1 year	3 year	5 year	10 year	Since inception	Inception date	Total Annual Asset-Based Fee⁽¹⁾
	Portfolio Prices as of				Average annual total returns as of

Money Market Portfolios

Money Market Portfolios⁽²⁾
Name	Unit Price	YTD
	Portfolio Prices as of	Average annual total returns as of
⁽²⁾
7-Day Yield⁽³⁾
7-Day Yield - w/o Waiver⁽³⁾

You could lose money by investing in the Money Market Portfolio. Although the U.S. Treasury Money Market Portfolio seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in this Portfolio. Neither the Program Manager nor the underlying Fund's sponsor has any legal obligation to provide financial support to the underlying Fund, and you should not expect that either the Program Manager or the Fund sponsor will provide financial support to the Portfolio or the underlying Fund at any time.

¹ The stated Total Annual Asset-Based fees include the estimated underlying mutual Fund expenses, which are based on a weighted average of each Fund's expense ratio (net of any expense limitations in place), in accordance with the portfolio's asset allocations among the applicable Funds listed in the Plan Disclosure Statement as of October 1, 2023. The Total Annual Asset-Based Fees also include the State fee and the program fee. Please see the Plan Disclosure Statement for further details.

² Yields for the U.S. Treasury Money Market Portfolio represent the average daily dividends for the seven days, annualized by 365 days and divided by the net asset values per share at the end of the period. Year-to-date figures are not annualized and represent total return, which includes reinvested distributions (income and capital gains) and any change in unit price for the given period. The yield presented in this table more closely reflects the current earnings of the Money Market Portfolio than the total return. The "7-Day Yield without waiver" represents the Portfolio yield without the deduction of any fee waivers.

³ In a low U.S. interest rate environment, the Plan has the ability to waive the Program Fee (and, if necessary, the State Fee) for the U.S. Treasury Money Market Portfolio in order to maintain a zero or positive net yield. Those fees are not currently being waived. Please see the Plan Disclosure Statement for details.

General Information:

Price and performance information is updated each evening following the close of the NYSE. Updated information is provided only for business days that the NYSE is open for trading.

T. Rowe Price Investment Services, Inc., Distributor, Maryland College Investment Plan

Morningstar, Inc. “Silver” Rating

Save for College with a "Silver" rated plan.

The Maryland College Investment Plan was one of only 15 plans to receive a “Silver” rating by Morningstar, Inc. in 2023.*

*Morningstar analysts reviewed 54 plans for its 2023 ratings (11/2/23), of which 15 plans received a “Silver” rating. To determine a plan's rating, Morningstar's analysts organized their research around four key pillars: Process, People, Parent, and Price. Visit this site for additional information about Morningstar's methodology. Plans were then assigned forward-looking ratings of “Gold,” “Silver,” “Bronze,” “Neutral,” and “Negative.” Each year, certain of the industry's smallest plans are not rated.

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.

©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Roll over your 529 account

Make the Move to the College Investment Plan

Rollovers to the Maryland College Investment Plan are accepted from other qualified 529 plans, including the Maryland Prepaid College Trust.

How it works:

1
Verify whether the funds are eligible for a rollover to the Maryland College Investment Plan with your current 529 provider/manager, and review requirements for processing a rollover.
2
Open your Maryland College Investment Plan Account.
3
Complete the Rollover Form.
4
Mail the completed Rollover Form to the address listed on the form. Your rollover should be processed and completed within a few weeks.

Learn More Download Rollover Form

UGIFT

Boost their future with Ugift^®

Friends and family can join in the excitement, contributing to your child's educational future with our gifting program. All gifts that are invested into your child's College Investment Plan account are intended to be used for qualified education expenses.

Give a Gift

Give a contribution gift any time of the year

Birthdays, holidays, or just-because, elevate their future year-round by gifting to their 529 account.

Conveniently and securely give a gift the way you want.

Friends and family can send easily a gift by mail or secure electronic transfer using a unique Ugift^® code. All funds will go directly into their 529 account.

Printable gift certificates

College savings is an extraordinary gift - but it's tough to wrap. If you'd like to have something for the child to physically open, these printable gift certificates are a great option

Financing planner

Visualize their future

Our College Financing Planner helps families plan ahead for college expenses. Use this tool to create a savings plan to achieve your college funding goals.

See Our Planner

Readysave™ 529 app