Maryland prepaid college trust claim: Fill out & sign online

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Click ‘Get Form’ to open it in the editor.
Begin by filling out the Account Information section. Provide your account number and ensure all details are accurate.
In the Payment Instructions section, indicate whether you have paid the college and wish to be reimbursed. Attach a legible invoice from the college along with proof of payment.
Complete the Beneficiary section by entering the student’s information, including their Social Security Number for tax reporting purposes.
Select your distribution instructions, specifying either full or partial benefits. Ensure you check only one payee option.
Finally, review all entries for accuracy before signing at the bottom of the form. Your signature is required for processing.

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Does the Maryland 529 accrue interest?

As addressed in last years Decision Memorandum, soon all contributions and balances in Maryland Prepaid College Trust accounts will earn zero percent interest. The effective date of this change will be July 16, 2024.

Is the Maryland Prepaid College Trust no longer accepting new enrollments?

Maryland offers one 529 college savings plan. It used to also offer a prepaid college trust. But, as of June 2023, Marylands prepaid plan is no longer accepting new enrollments.

What happened to the Maryland prepaid college trust?

The Prepaid College Trust is closed to new enrollments. All three programs are administered by the Maryland State Treasurer.

Is the Maryland 529 legit?

Overall, for MD residents, the MD 529 plan is a great option. It has state tax benefits (not all states do) and low-cost investment options. For out-of-state residents, there may be better 529 plans out there since you cannot take advantage of MD state tax deductions if you are not an MD resident.

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