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Last Chance: Md. Prepaid College Trust Deadline Approaches

Our new 'Last Chance' feature lets you know about important upcoming deadlines.

Our new 'Last Chance' feature lets you know about important upcoming deadlines.

Families putting aside money for their children’s college education better circle this date in red on their calendars: Monday April 2, 2012.

That’s the deadline for when they can lock in 2012 tuition prices in Maryland, known as the Maryland Prepaid College Trust.

The College Savings Plans of Maryland, which administers the trust, says on its website the trust can be used at nearly any college nationwide.

The trust is one of two 529 college savings plans in the state, according to a press release from The College Savings Plans of Maryland.

The College Savings Plans of Maryland also administers another college savings plan, the Maryland College Investment Plan, a 529 savings plan that qualifies parents for Maryland state income tax deductions and can be used at most institutions nationally, the press release said.

There are 30,000 accounts in the Maryland Prepaid College Trust today, with an increase of 28 percent in accounts from 2010 to 2011, said spokeswoman Lauren Shipley.

Individuals can start college savings accounts for children ranging from newborns to high-school aged, she said.

The number of people enrolling in the prepaid trust has increased as college costs have increased.

Tuition increases from 2001 to 2011 at Maryland’s public colleges have ranged from 59 to 63 percent, according to College Savings Plan of Maryland data.

Families need to have mailed enrollments in the prepaid trust postmarked April 2, 2012, or they can be completed online by going to www.CollegeSavingsMD.org by 11:59 p.m. on April 2, according to a press release.

There are various options and payment plans available, ranging from one semester to five years at a university.

Other noteworthy deadlines for this week:

  • It's just about election season. Early voting opened Saturday and runs until Thursday. Early voting centers will be open from 10 a.m. until 8 p.m. The absentee ballot deadline is Tuesday. Find more info, including other early voting centers, .
  • The Comprehensive Zoning Mapping Process meeting for the 7th Councilmanic District is set for 7 p.m. Tuesday at Patapsco High School. Residents wanting to give testimony on zoning requests may sign up beginning at 6 p.m. Complete information can be found .
  • The Glenn L. Martin Maryland Aviation Museum is celebrating the 100th anniversary of the Glenn L. Martin Co. Student artwork from Orems Elementary will be on display and the museum will also be celebrating Women's History Month and National Reading Month with special activities. Complete information can be found .

Know of an important ? Add it to the announcementsevents calendar, share it in the comments below or email me at Ronald.Snyder@Patch.com.

Essex-Middle River Editor Ron Snyder contributed to this article.

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