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We've made it easy for you to start saving for college—even before your baby arrives. Although college may seem far away, opening a T. Rowe Price College Savings Plan account early puts the power of time and earnings potential on your side.
Our 529 plan is a smart, strategic way for families to put aside money for college tuition and related higher education expenses, as well as K–12 tuition, apprenticeship costs, and even education loan repayment.1 You make contributions to your plan using after-tax dollars, but any earnings are tax-deferred while invested and tax-free when used for qualified education expenses.
Your account balance can be used for any purpose. However, for the distributions to be federally tax-free, you have to...
Use our College Savings Calculator to help estimate how much you may need to save for your future college costs and to set monthly...