The Maryland Guardians Account (MGA) is an investment account that is available to Maryland residents. It enables families to save funds for a minor's future educational or other related expenses. MGA accounts allow parents, guardians, or other family members to save for the future of their children or other loved ones. Funds in an MGA account can be used for qualified educational expenses, such as tuition, fees, books, and room and board. The money in the account can also be used to pay for job training, special needs, and other related expenses. The Maryland Guardians Account is offered by the Maryland College Investment Plan and is administered by T. Rowe Price. Funds can be invested in a variety of options, including mutual funds, stocks, bonds, and money market accounts. Contributions to an MGA account are not tax-deductible, but any earnings on the account are tax-exempt. There are three types of Maryland Guardians Accounts: Savings, Growth, and Aggressive Growth. The Savings account is the most conservative and is best for those who want to minimize risk and preserve capital. The Growth account is designed for individuals who are willing to accept more risk and can benefit from the potential of long-term growth. The Aggressive Growth account is the most aggressive and is best suited for those who are comfortable with more risk and are looking for the potential of greater returns.