The T. Rowe Price College Savings Plan offers families like yours a savings strategy that helps you reach an important goal: being prepared when it's time to send kids to college. With tuition on the rise, it's never too early to start saving.  This nationally recognized 529 plan, open to all U.S. residents, can be an excellent way to help a child, grandchild, or any other beneficiary save to attend college. You contribute to an account set up in your beneficiary’s name, and the money can be withdrawn free of federal taxes as long as it’s used to pay qualified educational expenses. The assets can be used at any eligible college or graduate school.