What are the Best 529 Plans? Part 2

Read Part 1 of our report:  What Are the Best 529 Plans?

Just to reiterate, there is a lot to consider when evaluating 529 plans. At College Made Simple, we’re not huge advocates, as these plans don’t necessarily fit with our philosophy of safety and certainty. (Aside from the volatility that goes along with the uncertainty of our financial markets, there are a host of other reasons to be cautious with 529s, such as changing fees and changing tax laws.)

If you are going to go with a 529 plan, here’s a helpful rundown of additional top-performing 529s to get you started (Remember: past performance is by no means any indication of future results — and please make sure to consult with your CPA or tax advisor when determining the deductibility of 529 plan contributions).

#6: Alaska’s University of Alaska College Savings Plan

A low-fee plan that offers special benefits for use at the University of Alaska, but can be used by any U.S. resident, for any school.

#7: Minnesota’s College Savings Plan

A 10%-15% matching grant for Minnesota residents; all other residents can invest, but will not get the matching funds.

#8: North Carolina’s National College Savings Program

All can apply, but North Carolina residents get tax deductions up to $2,500 for a single filer, and $5,000 per couple.

#9: Oklahoma’s College Savings Plan

Open to all; Oklahoma residents receive up to $10,000 in tax deductions per year for a single filer, and $20,000 per anum for joint filing. In addition, certain beneficiary’s born in or after 2007 will be selected as part of a study, and receive matching grants up to 1-for-1.

#10: Alaska’s T. Rowe Price College Savings Plan

Open to all, with low fees – some of which are waived for large accounts or automatic deposits.

#11: New York’s 529 College Savings Program

Run by Vanguard; tax deductions for residents up to $5,000/$10,000.

#12: Nebraska’s College Savings Plan

A direct-sold option, no need to pay broker’s fees.

#13: Vermont’s Higher Education Investment Plan

Open to all; 10% tax credit on contributions up to $2,500.

#14: West Virginia’s SMART529 WV Direct

Only open to West Virginians; very low fees.

#15: Wisconsin’s EdVest

Tax deductible up to $3,000 per year for Wisconsin residents; agreements with over 200 SAGE schools for tuition discounts using the EdVest 529.

#16: Mississippi’s Affordable College Savings (MACS) Program

Tax deductible for residents, up to $10,000/$20,000.

#17: Utah’s Educational Savings Plan (UESP) Trust

No minimum contributions; tax credits available for residents.

#18: Kansas’ Schwab 529 College Savings Plan

Low fees; tax deductible for residents, up to $3,000/$6,000.

#19: Maryland’s College Investment Plan

Up to $2,500 deductible for residents, with a 10-year carry forward for excess contributions.

#20: Nebraska’s TD Ameritrade 529 College Savings Plan

Tax deductible for residents, up to $5,000 (or $2,500 for married couples filing separately).

For more information on these and other 529s, explore the informative 529 site that helped us with our research, Saving For College.

For additional insights on 529 College Savings Plans in CollegeMadeSimple.com, take a look at these reports:

The 529 Plan Crisis:  Parents… the New Drop-outs

Are 529 Plans a Good Idea?

How Parents Are Saving for College Today

Do 529 Plans Hurt Financial Aid?

To your successful college planning,

Scott Weingold
Publisher, CollegeMadeSimple.com

Return to College Made Simple's Free Reports

Find us on Facebook! Find us on Facebook!

Increase Your SAT Scores Learn How to Increase the SAT Score... By 203 Point or More
Just tell us where to send the full report...
We'll also send you - at no charge - the College Funding Made Simple e-Course, delivered to your email inbox in 12 parts, by topic. With each part, you'll come away with valuable, actionable insights proven to help parents and students in the college admissions and funding process.

NO-SPAM PLEDGE: We believe that your personal information should stay that way. Rest assured, your email address is 100% confidential, and under no circumstance will we ever rent, sell or give away your email address outside of our own network without you specifically requesting us to do so.

Leave a comment
Your comment

Editor's Note: Scott Weingold has been ranked the #1 “College Financial Aid Expert Worth Knowing About” in the entire country by CollegeStats.org.  He has co-authored the book, “The Real Secret To Paying For College. The Insider’s Guide To Sending Your Child To College – Without Spending Your Life’s Savings.” Scott also publishes a popular free online newsletter, “College Funding Made Simple" which reveals insider’s tips, methods, and strategies for beating the high cost of college.

Scott is the co-founder and a principal of the widely renown College Planning Network, LLC – the nation’s largest and most reputable college admissions and financial aid planning firm. CPN is a proud member of the Better Business Bureau, the National Association of College Funding Advisors, the National Association for College Admission Counseling, the National Association of Student Financial Aid Administrators and the Student Affairs Administrators in Higher Education.

Scott, along with his college funding advisory team, helps thousands of families throughout the country with their college planning needs and offers a series of free educational webinars and workshops on “How To Pay For College Without Going Broke In The Process!” He's been featured or mentioned in The Philadelphia Inquirer, Yahoo News, TheStreet.com, Voice America with Ron Adams, Crains Cleveland Business, and on Cleveland Connection with James McIntyre.  Scott has published numerous articles and is a professional speaker who has addressed thousands of audiences online and offline throughout the United States.  His actionable insights and candid, open approach have earned him & his team numerous media interviews, citations, and speaking opportunities, and his free online video workshop is one of the Internet’s most widely viewed pieces in the college funding space.