Save for K-12 Education with a 529

New tax reform measures passed last year have expanded the use of 529 plans to include K-12 tuition!

You are now permitted to take 529 college savings plan distributions of up to $10,000 per beneficiary per year for tuition at an elementary or secondary public, private, or religious school.+ 

We are currently working to incorporate the new provisions in the T. Rowe Price College Savings Plan and will further update this page in the coming months.

+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.