Maryland 529
Maryland 529 — formerly College Savings Plans of Maryland — is an independent, non-profit State agency that provides flexible and affordable college and disabilities savings plans, in accordance with sections 529 and 529A of the Internal Revenue Code.  The two college savings plans are offered to help families save for future education expenses and reduce dependence on student loans later. Achieving a Better Life Experience (ABLE) programs are a way to help individuals with disabilities and their families save money and pay for qualified disability-related expenses without jeopardizing state or federal means-tested benefits such as SSI or  Medicaid. All plans are overseen by Maryland 529 and its Board. The Board includes 11 members, half of whom are State officials and the other half of whom are public members appointed by Maryland's Governor. Maryland 529’s Executive Director is responsible for day-to-day management and oversight of the program managers. The Executive Director reports to the Board.