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COLLEGE SAVING NEWS


  • 6 Financial Musts for New College Grads

    You did it! You passed your finals, you graduated from college, and you even landed the coveted job you have been working so hard to get. So now what?

  • 529 plans can help you save for college

    There is a lot you need to know about your finances. So, I’m giving you a pass if you don’t know what a 529 plan is.

  • Are Major Legislative Changes Coming for 529 Plans?

    Ever since the political backlash the president endured after talking about the possibility of taxing 529 plan earnings, legislation about improving 529 plans that was sitting still has now become a marathon runner towards the congressional finish line.

Read More 529 News

529 MEDIA RESOURCES


  • A Cause for 529 Celebrations

    As the cost of higher education continues to rise, May 29th marks National 529 College Savings Day, a day to raise awareness about the importance of saving for college, specifically through 529 plans.

  • CSPN Statement of Senate Finance approval of S335

    The Senate Finance Committee approved S. 335, the companion bill to H.R. 529, which was passed with a bipartisan vote by the House of Representatives in February.

  • CSPN Low/Moderate Income Strategies

    This brochure summarizes what 529 plans are doing to target low and moderate income families to help them save for college.

More 529 Media Resources

How to Take the Mystery out of considering a Prepaid Tuition Plan




By Lauren Shipley
Director of Marketing
College Savings Plans of Maryland

Around this time of year families start to prepare for their recent high school graduate to go off to college.  Some have looked at their financial aid package and breathed a sigh of relief because they saved, while others have gone into a state of panic.
 

Studies have shown that saving versus borrowing can cut the cost of college in half.  529 plans, tax-deferred vehicles for saving for college, can provide that sigh of relief for families willing to set goals to save for college.  


Many do not realize there are two types of 529 plans: prepaid tuition plans and savings plans. A prepaid tuition plan allows you to pay a child’s tuition and fees in advance, with the intent of locking in today’s prices.


Sometimes prepaid plans can be hard to understand compared to the standard savings plan.  So, let’s see if we can narrow down some of things you should consider.  

There are no income limitations on a person's ability to contribute to an account. View All

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