College Savings Plans
With more than 80 years of financial experience, the experts at T. Rowe Price are focused and committed to helping you choose the right path for one of the most important investment decisions families face today.
Taking That First Step Toward Your Savings Goals
A 529 college savings plan is a tax-advantaged way to help families reach their education savings goals. Your savings can be used tax-free at any federally accredited college or technical or trade school—as well as for certified apprenticeships—to cover tuition, room and board, books, supplies, computer technology, equipment and for other qualified higher education expenses. Savings can also be used for tuition expenses at K-12 public, private, and religious schools+ and for education loan repayment up to $10,000 lifetime maximum per beneficiary.
Give your child a head start on their future education with a 529 plan. You will get the benefits of efficient tax-free growth that potentially outpaces a traditional savings account.
529 Plans Managed by T. Rowe Price
For over 20 years, T. Rowe Price has managed three 529 plans that have helped families save for a brighter future. To explore the 529 plan that’s right for you and your family, select from the three options below.
+While distributions from 529 college savings plans for elementary or secondary education tuition expenses are federally tax-free, state tax treatment will vary and could include state income taxes assessed, the recapture of previously deducted amounts from state taxes, and/or state-level penalties. You should consult with a tax or legal advisor for additional information.
Be sure to review any 529 college savings plan offered by your home state or your beneficiary's home state, as there may be state tax or other state benefits, such as financial aid, scholarship funds, and protection from creditors that are only available for investments in the home state's plan. Be sure to read the college savings plan's disclosure document, which includes investment objectives, risks, fees, charges and expenses, and other information you should read and consider carefully before investing. Tax benefits may be conditioned on meeting certain requirements, such as residency, purpose for or timing of distributions, or other factors as applicable.
T. Rowe Price Investment Services, Inc., Distributor/Underwriter
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