Open a Maryland 529 College Investment Account and be Eligible to Receive a $250 Contribution through the Save4College State Contribution Program!
Saving for college is a challenge for many families. That's why the State of Maryland and Maryland 529 want to help Maryland families through the Save4College State Contribution Program.
The Save4College State Contribution Program is designed to help lower to middle-income families in Maryland save money for higher education. Individuals who open a new Maryland College Investment Plan (MCIP) after December 31, 2016, file an application prior June 1, 2017, and make at least the minimum contribution* to the account, may receive a $250 contribution by the State.
How Does It Work?
To be eligible, an applicant must meet the following requirements:
The beneficiary must be a Maryland resident.
Your Maryland taxable income cannot exceed $112,500 as an individual or $175,000 as a couple.
You must open a Maryland College Investment Plan and submit your application for the Save4College State Contribution Program and file an application prior to June 1, 2017.