The state of Maryland offers two 529 college savings plans to help families save for their children's education. The plans are named for the section of federal tax code that allows parents to save money and then withdraw it tax-free. These plans are known as the Maryland Prepaid College Trust and the Maryland College Investment Plan.
The Maryland Prepaid College Trust allows families to purchase tuition credits that can be used at a public college or university in the state of Maryland. This plan also allows families to freeze tuition rates and avoid any future tuition increases. The Maryland College Investment Plan is a more traditional 529 plan that allows families to save money and invest it in a variety of mutual funds.
Officials have recently announced that some accounts have too much money and others have too little. They are asking for time to sort it out. The Maryland 529 Advisory Board is currently working to develop a plan to address this issue.
Brooke Lierman is running for the job of Maryland comptroller and wants to focus on the Maryland 529 plan. She believes it is important to ensure the program is working for families. She is also advocating for a “smart start” program for children entering Kindergarten.
The University of Maryland, Baltimore has announced a new partnership with Heartsmiles and the Black Mental Health Alliance. The partnership is designed to teach best practices in mental health screening and treatment. The goal is to provide better care to the community.
The Maryland State Department of Education has announced a new initiative to invest in education. This is part of the American Rescue Plan and is designed to provide additional support to students and schools. The initiative will include Investment in mental health, career and technical education, and early childhood education.
Senators Ben Cardin and Chris Van Hollen have announced a new Investment in Goucher College. The college is making a significant capital Investment to both modernize and expand its campus. This will create new opportunities for students and faculty.
The University of Maryland Medical System recently announced plans to open a new regional medical center in Baltimore County. The center will be supported by Investment from the American Rescue Plan. This will create new jobs and expand access to healthcare in the area.
Maryland offers two 529 college savings plans, the Maryland Prepaid College Trust and the Maryland College Investment Plan. The Prepaid College Trust allows parents to purchase tuition credits for their children to be used at public colleges or universities in Maryland. The College Investment Plan allows parents to save money and invest it in a variety of mutual funds.
Both plans offer tax benefits and allow parents to save money for their children's education. However, the Maryland College Investment Plan is more flexible and allows parents to choose how they want to invest their money.
Officials have recently announced that some accounts have too much money and others have too little. They are asking for time to sort it out. Brooke Lierman is running for the job of Maryland comptroller and wants to focus on the Maryland 529 plan. She believes it is important to ensure the program is working for families.
The University of Maryland, Baltimore has announced a new partnership with Heartsmiles and the Black Mental Health Alliance in order to teach best practices in mental health screening and treatment. The Maryland State Department of Education has also announced a new initiative to invest in education as part of the American Rescue Plan.
Senators Ben Cardin and Chris Van Hollen have announced a new Investment in Goucher College. The college is making a significant capital Investment to both modernize and expand its campus. The University of Maryland Medical System has also announced plans to open a new regional medical center in Baltimore County.
Maryland provides two 529 college savings plans for families to help them save for their children's education. The Maryland Prepaid College Trust allows families to purchase tuition credits for their children to be used at public colleges or universities in Maryland. The Maryland College Investment Plan allows families to save money and invest it in a variety of mutual funds.
