529 College Savings Plans, Listed by State

By | January 13, 2020
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  • NerdWallet advises making use of 529 strategies to save for college. There are two kinds: 529 university cost savings plans are the most common type. Investments expand tax-free and can be withdrawn tax-free for educational expenses like tuition, bed and board, as well as required books.
  • 529 prepaid plans allow you prepay component or all of an in-state public tuition, securing the tuition sometimes of payment.

Unlike retired life and also other financial investment accounts, 529 strategies are operated by each state, which makes searching for the best choice fairly very easy; if your state supplies a tax deduction for contributing, you’ll likely get the most bang for your buck by adding to its strategy.

However a typical mistaken belief is that you have to contribute to your state’s strategy. In reality, you’re totally free to select any kind of strategy you ‘d like, so it’s worth comparing your choices (as well as some states, like Colorado, supply greater than one 529 plan).

Learn more on 529 strategy guidelines below.

We advise direct-sold strategies: They are marketed directly by the state, as opposed to through an expert, which converts into lower charges for financiers. Below are 2 lists, one for every kind of plan, showing direct-sold 529 strategies by state.

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College financial savings strategies by state

State Strategy name Does this state offer a tax obligation advantage for in-state contributors? Minimum payment
Alabama CollegeCounts 529 plan Yes $0
Alaska College of Alaska College Financial Savings Plan No $250
Arizona Arizona Household College Financial Savings Program Any type of state’s strategy $50
Arkansas PRESENT University Investing strategy Yes $25
The golden state ScholarShare College Savings Plan No $25
Colorado CollegeInvest Direct Profile College Savings plan Yes $25
Connecticut Connecticut College Depend On Yes $25
Delaware Delaware University Investment Strategy No $50
Area of Columbia DC 529 University Financial Savings Program Yes $25
Florida Florida 529 Cost Savings Strategy No $0
Georgia Path2College 529 strategy Yes $25
Hawaii Hawaii’s University Financial savings Program No $15
Idaho Idaho University Savings Program Yes $25
Illinois Bright Start College Savings Program Yes $0
Indiana CollegeChoice 529 Direct Savings strategy Yes $10
Iowa College Savings Iowa 529 plan Yes $25
Kansas Understanding Mission 529 Education Cost Savings Program Any state’s strategy $25
Kentucky Kentucky Education Cost Savings Plan Trust No $25
Louisiana BEGIN Cost Savings Program Yes $10
Maine NextGen College Investing Plan No $25
Maryland Maryland529 Yes $250
Massachusetts Massachusetts U.Fund College Investing Strategy Yes $50
Michigan Michigan Education And Learning Cost Savings Program Yes $25
Minnesota Minnesota University Savings Plan Yes $25
Mississippi Mississippi Affordable University Cost Savings Program Yes $25
Missouri MANY 529 College Financial Savings Strategy Any type of state’s strategy $0
Montana Montana Family Education And Learning Financial Savings Program Any type of state’s plan $25
Nebraska Nebraska Education And Learning Financial Savings Depend On– Direct University Financial savings strategy Yes $0
Nevada Nevada University Cost Savings Program No $15
New Hampshire UNIQUE University Investing Plan No $50
New Jacket NJ BEST College Cost Savings Strategy No $25
New Mexico The Education Plan Yes $25
New York New york city’s 529 University Savings Program Yes $0
North Carolina University Foundation of North Carolina No $25
North Dakota College SAVE Yes $25
Ohio Ohio CollegeAdvantage 529 Cost savings plan Yes $25
Oklahoma Oklahoma College Financial savings strategy Yes $100
Oregon Oregon University Cost savings plan Yes $25
Pennsylvania PA 529 Any state’s strategy $25
Rhode Island CollegeBound Fund Yes $0
South Carolina Future Scholar 529 University Cost savings strategy Yes $0
South Dakota University Accessibility 529 No $250
Tennessee TN Stars College Cost Savings 529 Program No $25
Texas Texas College Savings Plan No $25
Utah Utah Educational Financial savings plan (UESP) Yes $0
Vermont Vermont Higher Education Financial investment strategy Yes $25
Virginia Virginia529 inVEST Yes $25
Washington DreamAhead College Financial Investment Strategy No $25
West Virginia SMART529 WV Direct University Financial savings strategy Yes $0
Wisconsin Edvest College Cost savings strategy Yes $25
Wyoming No state plan N/A N/A

Pre-paid plans by state

The minimum payment to a pre paid strategy depends on the cost of a credit or the monthly payment plan. Examine the details prepare for the proper minimum.

State Strategy name State tax advantage?
Alabama Prepaid Affordable College Tuition Program Yes
Florida Florida Prepaid University strategy No
Illinois College Illinois! 529 Prepaid Tuition Program Yes
Maryland College Cost Savings Plans of Maryland– Prepaid College Depend On Yes
Massachusetts Massachusetts U.plan Yes
Michigan Michigan Education And Learning Trust Yes
Mississippi Mississippi Prepaid Affordable College Tuition (MPACT) Program Yes
Nevada Nevada Prepaid Tuition Program No
Texas Texas Tuition Promise Fund No
Virginia Virginia529 prePAID Yes
Washington Washington Guaranteed Education And Learning Tuition (OBTAIN) No

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