New Visitors Privacy Policy Sponsorship Contact Us Media
Baby Boomers Family Green Home and Auto In Critical Condition Just Starting Out Lifestyle Money
- advertisement -
News & Advice Compare Rates Calculators
Rate Alerts  |  Glossary  |  Help
Mortgage Home
Auto CDs &
Retirement Checking &
Taxes Personal


College Savings Plans of Maryland -- Prepaid College Trust

5 Cap Ratings
(Resident Rating) (Non-Resident Rating)

The College Savings Plans of Maryland -- Prepaid College Trust offers a variety of tuition packages to Maryl and District of Columbia families.

Program Details
Summary: The College Savings Plans of Maryland -- Prepaid College Trust offers a variety of tuition packages to Maryl and District of Columbia families.
Program type: Prepaid contract
Enrollment period: December 4, 2014 through April 15, 2014. Year round for newborns.
State residency requirements: The account holder or beneficiary must be a Maryland or District of Columbia resident at the time of program enrollment.
Contract prices: Prices for contracts purchased during the 2014-15 enrollment period range from as little as $4,504 for a one-year community college contract for a newborn to as much as $55,750 for a five-year university contract for a child in the ninth through twelfth grades.
Are program benefits backed by the full faith and credit of the state? No
Are program benefits collateralized or guaranteed in any other way? Yes, the legislature is required to consider, but not necessarily approve, an appropriation to cover any shortfall, repayable within two years.
State tax deduction or credit for contributions: Contributions to the Maryland Prepaid College Trust of up to $2,500 per account per year are deductible in computing Maryland taxable income, with an unlimited carryforward of excess contributions. Only contributions made by the account owner are deductible. Rollover contributions are deductible if not previously deducted. Contribution deadline is December 31 postmark.
Web site: Click here to visit
Telephone: 1-888-463-4723
Compare more 529 plans



Powered by
Copyright 2005, LLC. All Rights Reserved.
Bankrate disclaimer: The following disclaimer (revised only to the extent necessary to maintain consistent defined terms with’s Terms of Use) shall be displayed on or be accessible from the web pages(s) featuring Company’s Web Site Content: “The information contained in this material and related materials ("Information") is based on information from sources believed to be accurate and reliable and every reasonable effort has been made to make the Information as complete and accurate as possible but such completeness and accuracy cannot and is not guaranteed. The reader and user of the Information should use the Information as a general guide and not as the ultimate source of information. The Information is not intended to include every possible bit of information regarding the Information but rather to complement and supplement information otherwise available and the reader and user should use the Information accordingly. The Information contains information about tax and other laws and these laws may change. The reader and user should realize that any investment involves risk and the assumptions and projections used in the Information may not be how the investments turn out. The reader and user should consult with their own tax, financial and legal advisors about all of the Information.”
College Financing
Compare today's rates
Stafford - in school 4.66%
PLUS loan 7.21%
Private loan 7.35%

  College planning  
  Tax-free savings  
  Financial aid  
  Home equity loan  

College Financing Basics
Where there's a will, there's a way to pay.
The value of a degree
What is a 529 plan?
Getting more financial aid
Paying off student loans
- advertisement -

About Bankrate | Privacy Policy/Your California Privacy Rights | Online Media Kit | Partnerships | Investor Relations | Press Room | Contact Us | Sitemap
NYSE: RATE | RSS Feeds |

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here. ®, Copyright © 2015 Bankrate, Inc., All Rights Reserved, Terms of Use.