CollegeBoundbaby | CollegeBound Saver

Boost College Savings With a Baby Step

CollegeBoundbaby gives every child that’s born to or adopted by Rhode Island families a chance to receive a $100 grant to be used for future education expenses. It’s our commitment to helping you get a head start on saving for your kids.

There’s no catch or cost to receive a grant. There are two easy ways to opt-in.

Check the box on the Birth Certificate Worksheet at the hospital.

Complete and submit a CollegeBoundbaby Enrollment Form up to one year after your child’s birth or adoption.

Your $100 grant will be held in an account until your child is ready to attend a higher education institution. For more information, visit collegeboundbaby.com.

Ready to get started? Good.

Open an Account

If not, check out our Common Questions page to learn everything you ever wanted to know about our 529 plan.

¹Earnings on non-qualified distributions may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. Tax and other benefits are contingent on meeting other requirements and certain distributions are subject to federal, state, and local taxes.

²Section 529 defines a family member as: a son, daughter, stepson or stepdaughter, or a descendant of any such person; a brother, sister, stepbrother, or stepsister; the father or mother, or an ancestor of either; a stepfather or stepmother; a son or daughter of a brother or sister; a brother or sister of the father or mother; a son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, or sister-in-law; the spouse of the beneficiary or the spouse of any individual described above; or a first cousin of the beneficiary. Gift or generation-skipping transfer taxes may apply. Please consult with your tax advisor for further information.

³An investment plan of regular investment cannot assure a profit or protect against a loss in a declining market.

⁴In the event the donor does not survive the five-year period, a pro-rated amount will revert to the donor's taxable estate.