(Baltimore, MD) – The College Savings Plans of Maryland, the independent Maryland State agency that offers two tax-advantaged 529 plans, the Maryland Prepaid College Trust and the Maryland College Investment Plan, has seen college savings increase in importance. After 4 months of open enrollment, the Maryland Prepaid College Trust experienced its largest number of enrollments since 2004, with over 2,500 new enrollments, representing a 28% increase over the previous year’s open enrollment period. The Maryland College Investment Plan has also seen a 28% increase in new accounts opened in the first quarter of 2011 as compared with the same time period in 2010. Read more...
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