What are the fees associated with the Prepaid College Trust?
The operating expenses of the Prepaid College Trust are covered by 2.5% of Contract payments. In addition, each new Prepaid College Trust Account is charged a $75 Enrollment Fee. If you purchase additional years of Tuition for the same Beneficiary, or open an Account for a Beneficiary for whom you already have a Maryland College Investment Plan account, you pay a reduced Enrollment Fee of $20. We must receive your Enrollment Fee before your Account can be opened. A complete Schedule of Fees can be found on page 7 of our Enrollment Kit.
The operating expenses of the Prepaid College Trust are covered by 2.5% of Contract payments. In addition, each new Prepaid College Trust Account is charged a $75 Enrollment Fee if mailed or $50 if completed online. If you purchase additional years of Tuition for the same Beneficiary, or open an Account for a Beneficiary for whom you already have a Maryland College Investment Plan account, you pay a reduced Enrollment Fee of $20. We must receive your Enrollment Fee before your Account can be opened. A complete Schedule of Fees can be found on page 7 of our Disclosure Statement.
