Get a Head Start on Saving

Open Your 529 Account Before the Big Day

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.


Starting Early Could Help You Meet Your Savings Goals

Creating an account for your baby before they arrive is a great way to get a head start on saving. Not to mention, it's a simple two-step process. First, open an account with yourself or another family member (as defined by the IRS) as the beneficiary. Then, change the beneficiary to your newest addition once they arrive. 

Getting Started is Easy

It only takes $50 per month or a one-time $250 contribution to get started. The sooner you start saving, the more time your investment has to potentially grow. Plus, enrolling in automatic monthly contributions helps make saving for their future an easy routine from the start.


Two Investment Approaches to Match Your Goals

It's natural that no two families save for the future the same way. That's why we offer a variety of portfolios to fit your timeline and savings strategy.


Family and Friends Can Also Contribute

With the GoTuition® gifting portal, your loved ones can contribute to your T. Rowe Price College Savings Plan account. Generate a personalized link that you can share with family and friends for them to contribute online, or mail in contributions with the Gift Contribution Slip.

Frequently Asked Questions

How and where can I use my 529 savings?


Your account balance can be used for any purpose. However, for the distributions to be federally tax-free, you have to...

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How much should I be saving?


Use our College Savings Calculator to help estimate how much you may need to save for your future college costs and to set monthly...

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