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A 1-2-3 Approach to College Savings

A successful college savings effort starts with building a sound strategy. We make it easy to get started in just a few simple steps. Whether you’re saving for your child’s education or your own, we’ll help you create the right plan for your family.

Calculate Your Costs

Start by deciding how much to save. Consider your budget, the number of years until you’ll be paying for education expenses, and the potential cost of your future education plans. Use the College Financing Calculator to find out how much you should consider saving to meet your college savings goals.

T. Rowe Price Certified Financial Planners Roger Young and Judith Ward recommend the 50% rule of thumb, advising that parents plan to save enough to cover 50% of college expenses – which is about what most families end up paying.

Get Started

Once you’ve figured out how much to save, open a T. Rowe Price College Savings Plan account and choose the appropriate investment portfolio to fit your strategy. We offer a range of professionally managed investment options to meet your family’s needs.

Stay On Track

Reviewing your progress and updating your strategy is important as your circumstances change. It’s easy to refine and enhance your strategy with our range of helpful tools and expert insights.

Already have a 529 account? You can roll over funds from our current 529 plan into the
T. Rowe Price College Savings Plan.

Learn more about the T. Rowe Price College Savings Plan

2024 "Top of Class" Award

The T. Rowe Price College Savings Plan earned the “Top of the Class” designation from Savingforcollege.com in their 2024 529 Ratings, placing it among only 9 direct-sold 529 plans recognized.² This award signifies that these plans have outperformed more than 80% of their peers in the category.

IMPORTANT INFORMATION
The T. Rowe Price College Savings Plan is offered by the Education Trust of Alaska. You should compare this Plan with any 529 college savings plan offered by your home state or your beneficiary’s home state and carefully consider, before investing, any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in the home state’s plan. Call or go online to obtain 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. Tax benefits may be conditioned on meeting certain requirements, such as residency, purpose for or timing of distributions, or other factors as applicable.

T. Rowe Price Investment Services, Inc., Distributor/Underwriter.

¹Withdrawal maximum is $10,000 per year, per beneficiary. While qualified withdrawals from 529 plans for K-12 tuition expenses are federally tax-free, state tax treatment will vary and could include state income taxes assessed, the recapture of previously deducted amounts from state taxes, and/or state-level penalties.

²Saving For College evaluated a total of 85 state-sponsored 529 savings programs for its 2024 Ratings: 54 direct-sold programs and 31 advisor-sold programs. Top of the Class designation was awarded to less than 20% of the evaluated programs in each category. Visit this page for more information on the criteria used in compiling a plan’s 529 rating. The factors Saving For College examined and scored foreach 529 plan are grouped into four categories: Performance, Ease of Use, Savings Success, and Program Delivery. A plan's four individualcategory scores are computed on a scale of 1 to 5 and carried out to two decimal places. The overall 529 Rating is a weighted average ofthese four category scores.

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