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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.

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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. 

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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.

Learn About Automatic Monthly Contributions
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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.

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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.

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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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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.

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

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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.

1While 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, and/or state-level penalties. You should consult with a tax or legal advisor for more information.

GoTuition is a trademark of T. Rowe Price Group, Inc.