Although you won’t find many investment options, the Alabama 529 plans offer reasonable fees. It also has a large maximum contribution limit of $400,000.
The California 529 plan provides investment options designed for savers at all levels. It also supports a considerably high maximum contribution limit of $475,000.
You can open one of the Colorado 529 plans with as little as $25 and invest in portfolio options with a low total annual asset-based fee of 0.36%, which is very low compared to the fees other plans levy.
The Connecticut 529 plans offer a diverse investment menu. Portfolios in the direct plan charge some of the lowest fees we’ve seen.
With Florida 529 plans, you have the option of investing in a portfolio or locking in current tuition prices through its prepaid tuition plan.
When you invest in the Georgia 529 plan, you’ll be contributing toward portfolio options with some of the lowest fees in the industry. In addition, you can open an account with as little as a $15.
The Illinois 529 plans allow families to deduct up to $20,000 per beneficiary when calculating state taxable income.
The Indiana 529 plans offer a diverse investment menu which includes an FDIC-insured certificate of deposit (CD) account. It offers the same tax breaks as any portfolio offered in a 529 plan.
Both Iowa 529 plans offer a diverse investment menu and a high maximum contribution limit of $420,000.
By investing in the Maryland 529 plans, you have the option to purchase tuition credits in advance. Your child can then redeem those credits in the future even if tuition prices sky rocket by then.
You can open an account with the direct Massachusetts 529 plan with as little as a $15. Furthermore, you can invest in a variety of portfolio options designed for all kinds of savers.
You have the option to open three different Michigan 529 plan accounts. One choice features the guidance of a financial advisor who can guide you through the entire college savings process.
The Minnesota 529 plan requires a small opening deposit of $15. Minnesotan couples can deduct up to $3,000 in contributions from their state taxable income.
The Missouri 529 plan requires no minimum opening balance. So, you can start out with as much or as little as you want. The plan offers a variety of portfolios. Some options give you the opportunity to build your own investment based on your unique risk profile and financial goals.
By investing in a Nebraska 529 plan, Nebraska families can deduct up to $10,000 from their state taxable income. The NEST plan also sponsors its own scholarship programs. In addition, you can open up to four different accounts. Established financial firms like TD Ameritrade and State Farm Investments manage portfolios in all four plans.
You can choose from among five different Nevada 529 plans. Each plan offers a variety of investment portfolios. Some options charge the lowest fees we’ve examined.
When you invest in one of the New Jersey 529 plans, the U.S. Department of Education excludes the first $25,000 in your account from your student’s financial aid eligibility. You can open an account with as little as a $25 deposit. In addition, you can contribute up to $305,000 per beneficiary. Established financial services firm Franklin Templeton manages investments in the advisor-sold 529 plan.
New York 529 plans boast one of the largest contribution maximums in the country. You can contribute up to more than $500,000. Each portfolio in the direct-sold plan carries a flat total asset-based fee of 0.15%. This figure dips considerably low compared to fees other plans charge.
The North Carolina 529 plan allows you to contribute up to $420,000. Each portfolio option charges a low fee compared to fees other states’ plans charge.
You can open an account with any of the Ohio 529 plans with as little as a $25 deposit. A financial advisor can help you manage an advisor-sold 529 plan by creating a unique investment strategy based on your risk tolerance.
Residents who open accounts with the Oklahoma 529 plans can deduct up to $20,000 from their state taxable income.
By investing in one of the Oregon 529 plans, Oregonian families can deduct up to $4,750 from their state taxable income.
The Pennsylvania 529 plans allow you to contribute up to $511,758. This makes the state’s plans some of the most generous college savings vehicles in the country. In addition, Pennsylvania families can deduct up to $30,000 from their state taxable income.
By investing in the Rhode Island 529 plans, residents of the Ocean State get lower fees than account holders from other states. In addition, you can work with a financial advisor to manage the advisor-sold option. This one offers a large investment menu.
The South Carolina 529 plans offer an expansive investment menu. Some options automatically change their asset allocation to take on less risk as your child gets closer to college. You can also seek guidance from a financial advisor to open an account with the Future Scholar Advisor plan.
You can invest in three different Texas 529 plans. The Lone Star state’s direct-sold option offers portfolios featuring both passively and actively managed funds. You can also work with an advisor to open an account with the Lone Star 529 Plan. Or, you can buy tuition credits at today’s prices through the Texas Tuition Promise Fund.
The Utah 529 plan offers low-fee investment options. It also allows Utahns to take tax credits based on their contributions. The plan requires no minimum opening balance. In addition, the plan offers an FDIC-insured investment option.
You can invest in up to three different Virginia 529 plans. CollegeAmerica offers the guidance of professional financial advisor every step of the way. These plans allow one of the highest contribution maximums in the country standing at $500,000.
You can open two different Washington 529 plans. The recently established Dream Ahead Investment Plan offers low-fee investment portfolios. The state guaranteed GET program allows you to buy college credits at today’s prices for future use.
The Washington, D.C. 529 plans offer several investment options. Both allow families to deduct up to $8,000 in contributions from their D.C. taxable income.
You can invest in two different Wisconsin 529 plans. Portfolios in the EDVEST direct-sold plan charge some of the lowest fees we’ve examined. Meanwhile, the advisor-sold Tomorrow’s Scholar 529 Plan offers more than 39 investment options.