TRP College Savings Plan Logo

The Moment You've Been Saving For

Use Your Account for College and More

Explore all the ways in which your 529 savings can be used with the interactive tool below.

K—12 Tuition - icon K—12
Tuition
Graduate School - icon Graduate
School
Apprenticeship Program - icon Apprenticeship
Program
Vocational School - icon Vocational
School
Education Loan Repayment - icon Education Loan
Repayment
College or University
  • 529 funds can be used at any eligible public or private college or university in the U.S. and even some international schools that are eligible to accept U.S. federal student aid.1

  • Assets can be used to pay for tuition and fees; room and board; books, supplies, and equipment required for enrollment or attendance; and computer and technology needs.

  • Certain expenses for special needs students are covered.

  • There are no distribution minimums or maximums.
College or University
Next Approved Use
College or University - icon College or
University
Learn More
College or University
  • 529 funds can be used at any eligible public or private college or university in the U.S. and even some international schools that are eligible to accept U.S. federal student aid.1

  • Assets can be used to pay for tuition and fees; room and board; books, supplies, and equipment required for enrollment or attendance; and computer and technology needs.

  • Certain expenses for special needs students are covered.

  • There are no distribution minimums or maximums.
Less
K—12 Tuition - icon K—12
Tuition
Learn More
K—12 Tuition
  • 529 funds can be used for tuition expenses at K—12 public, private, and religious schools.

  • Distribution maximum is $10,000 per year, per beneficiary The future student designated by an account holder to receive the benefit of an account. .

  • While qualified distributions from 529 plans for K—12 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.

Less
Graduate School - icon Graduate
School
Learn More
Graduate School
  • All graduate and professional programs are eligible, as long as they are offered by an accredited public or private U.S. college or university. International schools that are eligible to accept U.S. federal student aid would be eligible as well.1

  • 529 assets can be used for tuition and fees; room and board; books, supplies, and equipment required for enrollment or attendance; and computer and technology needs.

  • Certain expenses for special needs students are covered.

  • There are no distribution minimums or maximums.

Less
Apprenticeship Program - icon Apprenticeship
Program
Learn More
Apprenticeship Program
  • Expenses related to apprenticeship programs, such as books, fees, equipment, and other supplies, can be paid for using assets from a 529 plan.

  • Programs must be registered with the U.S. Department of Labor.

  • There are no distribution minimums or maximums.

Less
Vocational School - icon Vocational
School
Learn More
Vocational School
  • Accredited vocational schools that qualify for federal financial aid are eligible.1

  • Assets can be used to pay for tuition and fees; room and board; books, supplies, and equipment required for enrollment or attendance; and computer and technology needs.

  • Certain expenses for special needs students are covered.

  • There are no distribution minimums or maximums.

Less
Education Loan Repayment - icon Education Loan
Repayment
Learn More
Education Loan Repayment
  • Assets in a 529 plan can be used to pay the principal or interest on a qualified education loan for the beneficiaryThe future student designated by an account holder to receive the benefit of an account. or their sibling(s).

  • There is a $10,000 lifetime maximum for each eligible individual.

Less

Frequently Asked Questions

Can I open an account before my child is born or adopted?

 

Yes, you can. To get a head start on your expected child’s account, you can open an account designating yourself or...

Read More

 

 

 

What if I use money from my 529 account for something other than a qualified education expense? 

 

If you take a distribution for something other than a qualified education expense, the earnings portion is...

Read More

 

 

 

See More Questions

 

 

 

Open a 529 Account Today

In just a few minutes, you can start saving for the future, giving your child the gift of opportunity.

Let's Get Started

Talk to a Specialist

Have questions? Our College Savings Specialists are here to help. Just give us a call at 800-369-3641.

Contact Us

Explore Other Investing Goals

Find a wide variety of T. Rowe Price investment products and services that were designed to help you reach your financial goals.

Visit T. Rowe Price

The T. Rowe Price College Savings Plan is offered by the Education Trust of Alaska. You should compare this Plan with any 529 plan offered by your home state or your beneficiary’s home state and consider, before investing, any state tax or other state benefits, such as financial aid, scholarship funds, or protection from creditors that are only available for investments in the home state’s plan. Please read and/or download the Plan Disclosure Document, which includes investment objectives, risks, fees, charges and expenses, and other information that you should read and consider carefully before investing, or call 1-866-521-1894 to request a paper copy. For other important legal information, please read the Plan's Privacy Policy. T. Rowe Price Investment Services, Inc., Distributor/Underwriter.

1For a complete list of eligible institutions, visit fafsa.gov.