T. Rowe Price College Savings Plan
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IMPORTANT UPDATE

The T. Rowe Price College Savings Plan is closely monitoring the latest updates related to the coronavirus. Please be assured that we have well-established business continuity plans in place and are managing our operations through this evolving situation.

Want to learn more about saving for college in a volatile market environment, preparing for upcoming tuition payments, or handling refunds from colleges? Read this article and watch this video in which T. Rowe Price Certified Financial Planners share their perspectives.

 

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1.

Growth 
Potential

Opening a T. Rowe Price College Savings Plan account today can put the power of time and earnings potential on your side.

Saving just $50 a month now versus starting in two years can help you save an additional $2,053 over 10 years.

2.

Experience 
Counts

T. Rowe Price applies over 80 years of investment expertise to the management of the T. Rowe Price College Savings Plan to help you make the best investment decisions for you and your family.

Highly rated by Morningstar, a leader in independent investment research, the plan received “Silver” in 2019 for our strong manager lineup and thoughtfully constructed age-based portfolios.

3.

It's Easy and 
Affordable

You can open a 529 college savings plan account today with as little as $50 per month or a $250 initial contribution.

It’s never too early to start saving for college.

We know this is an exciting and busy time for you and your family. That’s why we make it easy to help you start saving for your child’s future education—even before your baby arrives. Opening a T. Rowe Price College Savings Plan account today puts the power of time and earnings potential on your side.

Less planning time. More quality time.

We don’t have to tell you, but time flies. It seems like just yesterday you were celebrating your baby’s arrival. Before you know it, you’ll be visiting colleges. It’s never too early to start saving for your child’s college education.

A plan for everyone.

A college savings plan isn’t just for parents. Grandparents, other family members, and friends can open a new account or contribute to your T. Rowe Price College Savings Plan account. It’s a great way for others to help save for college and one of the most meaningful gifts to give and receive.

The tools you need to plan for the future.

As a T. Rowe Price College Savings Plan account holder, we provide the tools and resources to help you manage your account confidently. As the future student reaches key milestones, you’ll receive insights to help your family understand future college expenses.

GoTuition® gifting portal is a convenient way for friends and family to give online gifts. Log into your account to enroll today or visit our gifting page to learn more.

The Education Planning Center is an online tool that makes it easy to see if you're on track with your savings goals, provides age-specific passports from birth to graduation and information on financial aid, scholarships, and grants. Enroll today.

Save for K-12 Education with a 529

You can now use a T. Rowe Price College Savings Plan account to save for K-12 public, private, or religious school tuition expenses in addition to saving for college.+ Your child's education is important. Learn more about this new option available to assist you in saving for their education journey.

We are continuing to work through changes to accommodate this new legislation. For the latest details, please continue to check back as the plan evolves to accommodate these measures.

* Chart assumes a hypothetical 6% rate of return compounded monthly. This chart is for illustrative purposes and does not represent the return of any specific investment option. Making automatic monthly contributions does not assure a profit or protect against loss during varying market conditions.

GoTuition and the GoTuition Design are trademarks of T. Rowe Price Group, Inc.

+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. 

Each quarter, Savingforcollege.com analyzes the investment performance figures for thousands of 529 portfolios, comparing the reported investment performance of a subset of portfolios from each 529 savings plan to produce their rankings.

Portfolios from direct-sold 529 plans are assigned to a specific asset-allocation category. Within each category, portfolios are compared and ranked based on published investment returns. Separate rankings are produced for different performance periods (one-year, three-year, five-year, and 10-year investment periods). An overall (or "composite") performance score is calculated for each 529 plan for a given performance period based on the plan's performance rankings for each asset-allocation category, taking into account the varying returns among the different asset-allocation categories. To produce the composite ranking for a plan, the plan’s composite performance score is compared to the composite performance scores of all other 529 plans.

Past performance cannot guarantee future results. Current performance may be lower or higher than performance results used for these rankings, resulting in different rankings that may be lower than those shown.

Opening a 529? Let's Get Started.

Select the type of account you wish to open.