What is a 529 plan? How they work and what they're used for

• 529 plans are state-run, tax-advantaged accounts earmarked for educational expenses.
• 529 plan account earnings and withdrawals are tax-free; some states also allow deductions on contributions.

You can use a 529 plan to invest and earn money tax-free, then pay for eligible academic expenses — not just college, but a range of schools — without owing any taxes.

In a sense, it's like a specialized Roth IRA: Your funds are targeted towards a purpose, then grow and can be withdrawn tax-free. Also, you could be penalized for ineligible withdrawals or uses of the money.

If you're interested in investing in a 529 plan but also want expert guidance, you should consider meeting with a financial advisor. The best online financial advisors can point you toward the right plan and help you meet your financial goals.

What is a 529 plan?

A 529 plan is a tax-advantaged financial account for educational expenses. The money you contribute to it grows tax-deferred within the account.

"The 529 plan offers income tax-deferred investing, and if distributions from the plan are for expenses that meet IRS criteria, tax-free investing," says Sandi Bragar, CFA and chief client officer at Aspiriant.

Withdrawals are tax-free when used for appropriate ("qualified" in IRS-speak) educational expenses, such as:

• Tuition for college, graduate school, or vocational school
• K-12 tuition and fees
• Book and other school supplies
• Room and board
• Campus meal plans
• Student loan payments

Traditionally, these accounts were designed solely to fund secondary education (i.e., a four-year college or university) tuition and related expenses. However, in recent years legislation expanded their uses to apply to K-12 tuition and fees, as well as technical schools, trade schools, and apprenticeships offered through community colleges.

Similar to a 529 plan, ABLE Saving plans (otherwise referred to as 529A accounts) are municipal fund securities. Both ABLE plans and 529 plans are regulated by the Municipal Securities Board. ABLE plans are designed for disabled individuals to save for disability-related expenses (such as job training, health care, and education) without interfering with Medicaid and/or Supplemental Security Income benefits.

If need be, funds from a 529 plan can be rolled over to an eligible ABLE Savings account. See our list of ABLE Savings plans by state.

How does a 529 plan work?

While named for a section of the federal tax code, 529 plans are actually run by the states. You can establish one at a bank and or a financial services/investment company, like Fidelity, Vanguard, or T. Rowe Price.

A 529 plan usually offers several investment options (usually mutual funds or ETFs, ranging from conservative to aggressive). Many also offer pre-defined portfolios, like target-date funds, that are age-based: They grow more conservative the closer your child gets to college age.

Plans are either advisor-sold (offered through a licensed financial advisor) or direct-sold (offered through the state and/or financial institution). From there, 529 plans come in various forms:

• Education savings plan: This is the most common type of plan. Money is invested in a pre-selection of investment options (usually mutual funds or ETFs from one or more investment firms).
• Prepaid tuition plan: This type of plan can function differently depending on the state it is issued out of. Generally, prepaid plans allow you to pay for the cost of tuition or credits at the current rate, and its value grows over time.

How much can you contribute to a 529 plan?

The IRS does not technically place a limit on how much you can contribute to a 529 plan. Basically, most people limit their annual 529 plan contributions to $17,000 per child. Married couples can each contribute $17,000 per child, for a total of $34,000 per year.

Here's why: Contributions to a 529 plan are considered gifts, so most people plan their deposits to dovetail the annual gift tax exclusion of $17,000 per recipient in 2023. The annual gift tax exclusion allows people to give money, getting out of their taxable estate, without having to pay any gift tax.

For those who can afford it, it is possible to supersize contributions using the five-year election strategy. With this move, you can make five years' worth of contributions in a single year.

"When it fits with their goals and circumstances, we'll recommend clients take advantage of a special election which allows them to contribute up to five years' of annual exclusive gifts — $85,000 per individual or $170,000 per couple in 2023 — to 529 plan for each of their beneficiaries without triggering any gift tax implications," Bragar says.

This strategy provides an immediate reduction in your estate and enables more money to start growing tax-free in the 529 accounts right away.

If you opt for the five-year election strategy, you do have to report the gifts for each of the five years on IRS form 709.

Tax deductions for 529 plan contributions

You contribute to a 529 plan with after-tax dollars — that is, you don't get a federal income tax deduction on the contribution at the time you make it. That's the trade-off for the balance growing tax-free.

However, you might qualify for a tax break on your state income tax return. Some 36 states allow at least some sort of deduction of your contribution. The amounts allowed by the state vary widely and the maximum deductions range from a flat figure (like $5,000 per taxpayer) to a percentage of the contribution (like a 20% tax credit), to the full dollar amount of the contribution.

In these states, a 529 plan offers triple tax benefits. Your contributions are tax-deductible, the money grows tax-free, and withdrawals for eligible expenses are tax-free.

You may be able to establish a 529 plan outside of your home state. But as a non-resident, you won't qualify for any state tax deductions or credits.

Cons of 529 plans

As advantageous as 529 plans can be, there are some drawbacks to this college savings tool. You can face penalties for withdrawing the money for the wrong uses, the balances may affect financial aid, and it can get complicated if college plans change.

There's also a chance that your 529 plan doesn't perform as well as you expected, or could even decline in value.

Are there penalties for withdrawing the money?

Yes, if you withdraw the money for an ineligible use — or withdraw too much money (in cases where you're limited to $10,000 a year), and the IRS finds out, you pay a 10% penalty on the amount withdrawn. Plus, you will have to pay taxes on any gains.

"Fortunately, the excess funds remain available for the beneficiary, " says Bragar. "And, beginning in 2024, if the 529 plan has been open for 15 years and the beneficiary is eligible to make Roth IRA contributions, the beneficiary may roll over funds over a period of years."

Will a 529 plan affect financial aid?

Yes, 529 plan accounts do factor into financial aid and scholarship considerations. The good news is that plans owned by a parent or another adult factor less into the financial aid equation than if the plan were owned by the student.

Also, the plan money counts as assets, and overall, a parent's income weighs more heavily into the calculation for financial aid eligibility than assets do. No more than 5.6% of parental assets are included, compared to 22% to 47% of a parent's income.

Assets held in someone else's name, like a grandparent, are considered income for the beneficiary and may affect financial aid.

"If a student will be relying on financial aid for college funding, it's a good idea to address the 529 plan account ownership situation before the student's senior year of high school. This allows some time to evaluate and execute a change to the 529 plan owner, if that's desirable to maximize financial aid," says Bragar.

If the child has won scholarships for their undergraduate degree, 529 money can be saved for graduate school or additional qualified education expenses later in life. Or to pay off student loans, if they incurred them.

What happens if a child doesn't go to college?

Since the use of 529 funds is earmarked for education, a child not attending or dropping out of school could be a problem.

However, there are options. The money can continue to grow tax-deferred in the 529 plan to be used at a later date — there's no time limit to them.

Also, a 529 plan can be transferred to another beneficiary, including yourself. As long as the new beneficiary is an immediate family member or family member's spouse, they qualify for a tax-free transfer of the 529 plan.

Most 529 plans allow the beneficiary to change once per year.

How to choose a 529 plan

Although 529 plans are state-run, you don't necessarily have to be a resident of that state to open an account. Most plans don't have a state residency requirement — but certain promotional events or benefits, like tax deduction advantages, may not be applicable to residents outside of the issuing state.

"The 529 plan offers income tax-deferred investing, and if distributions from the plan are for expenses that meet IRS criteria, tax-free investing," says Sandi Bragar, CFP and chief client officer at Aspiriant. "This can be extremely advantageous, especially for newborns and very young children with a longer investment time horizons until the money will be needed."

There are two kinds of 529 plans: direct-sold plans and advisor-sold plans. Direct-sold savings plans are issued through the state and are often cheaper than advisor-sold plans. Advisor-sold plans are issued through investment firms and often comprise more expensive and actively managed funds.

Most states offer at least one direct-sold plan and one advisor-sold plan. Both types of 529 plans are great ways to save for future college/other education expenses. Picking the right plan for you essentially comes down to how much you want to pay, who you want to manage your account, and how you prefer to invest.

But keep in mind that a 529 plan may affect financial aid. If a student owns a 529 plan, the account's balance above the Asset Protection Allowance amount would be cut by 20%. But if a parent or guardian owns the account instead, there would be less of a reduction.

"It's usually best for the 529 plan to be owned by one of the student's parents," Bragar explains. "This results in a reduction to the financial aid package by only about 6% of the 529 plan balance above the Asset Protection Allowance, or about the first $10,000 of the balance, depending on the beneficiary's oldest parent's age."

Currently, grandparent-owned 529 plan accounts are considered income for the beneficiary, which could significantly affect the amount reduced.

"If a student will be relying on financial aid for college funding, it's a good idea to address the 529 plan account ownership situation before the student's senior year of high school," says Bragar.

Why you should invest in a 529 plan

One of the best ways to pay for college/other education expenses is with a 529 plan. Tuition costs keep rising, but with a college saving plan, you can invest funds and earn tax-free money. Withdrawals for qualifying educational expenses are also tax-free.

"You can withdraw from 529 plans at any time," says Bragar. "If a distribution is not used to cover qualified education expenses, including up to $10,000 per year for private K-12 tuition, any 529 plan earnings that are distributed will be subject to ordinary income taxes — i.e. the same tax rates used to tax compensation — and a 10% penalty."

If you open a 529 plan in your home state, you may be allowed a tax deduction on your contribution. The amounts vary by state and are not accessible to nonstate residents.

"The account owner, and anyone else, may contribute money to the plan for the benefit of the named beneficiary," Bragar explains. "Depending on the state you live in and the plan you contribute to, your contribution may be eligible for a state income tax deduction."

Although 529 plans were traditionally designed to fund secondary education costs (such as a four-year college or university), funds can also be used for private schools, trade schools, technical schools, student loans, and even apprenticeships offered through a community college.

If you have a 529 plan but decide not to go to college, you can leave the money to grow and be withdrawn later. But keep in mind that you'll still be penalized for withdrawing your funds for ineligible use (a 10% penalty on the amount withdrawn) as well as pay taxes on money gained. You can also transfer the account to another beneficiary, such as a family member.

See Insider's picks for the best investment apps »

529 plan frequently asked questions (FAQ)

What are the disadvantages of a 529 plan?

Are 529 plans a good idea?

When should you not use a 529 plan?

What happens to a 529 plan if you win a scholarship?

Who can open a 529 plan?

Can you have more than one 529 plan?

529 plans and promotions by state

Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
Washington DC
West Virginia
Wisconsin
Wyoming

Alabama

CollegeCounts is holdings its tenth annual Baby Day Giveaway. This Alabama organization will be giving away $529 toward a CollegeCounts 529 account to 29 newborn Alabama babies born between May 29, 2022, and May 29, 2023.

All Alabama 529 plans have a maximum contribution limit of $475,000 per beneficiary.

Tax deduction benefits:

• up to $3,000 per year for single filers
• up to $8,500 per year for joint filers

CollegeCounts 529 Fund

Who can open an account: Anyone in the US

Union Bank and Trust Company manages a direct-sold savings program of mutual funds from various fund firms (including Vanguard, T.Rowe, Fidelity, and more). It offers age-based, static, and individual fund portfolio options.

Account minimum: $0

Enrollment/application fee: $0

Program management fee: 0.17%

Total asset-based expense ratio: between 0.17% and 0.79%

CollegeCounts 529 Fund Advisor Plan

Who can open an account: Anyone in the US

Union Bank and Trust Company manages an advisor-sold plan of mutual funds from multiple fund firms (including T.Rowe, DFA, Fidelity, Norther Funds, and more) through age-based, static, and individual portfolio options.

Account minimum: $0

Enrollment/application fee: $0 (may be charged a sales fee)

Program management fee: 0.00% to 0.25%

Total asset-based expense ratio: 0.21% to 1.65%

AlabamaABLE

Who can open an account: Anyone in the US who is eligible to receive disability benefits

Alabama launched its own ABLE program, administered through the State Treasurer, after terminating involvement with the Enable program in May 2021. AlabamaABLE offers target-risk options and bank money market investment/checking options.

Account minimum: $25

Subsequent contribution minimum: $5

Enrollment/application fee: $0

Account maintenance fee: $35 ($8.75 quarterly)

Program management fee: 0.30%

Total asset-based expense ratio: 0.30% to 0.34%

Alaska

The T.Row Price 529 College Savings Plan, offered by The Education Trust of Alaska, is hosting a 529 Day and Saving for College webinar on May 31, 2023, at 1:00 p.m. ET. A panel of college savings experts accompanies the webinar.

Alaska offers a handful of consumer plans, advisor plans, and an ABLE plan. All Alaska 529 plans have a max account balance of $475,000 per beneficiary, but not the ABLE Plan. The ABLE Plan can hold up to $400,000 per account owner.

Tax deduction benefits: None

T.Rowe Price College Savings Plan

Who can open an account: Anyone in the US

A direct-sold plan that invests your money in an enrollment-based portfolio or a static portfolio of T.Rowe mutual funds.

Account minimum: $250

Subsequent contribution minimum: $50

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: up to 0.09%

Total asset-based expense ratio: 0.16% to 0.87%

Alaska 529

Who can open an account: Anyone in the US

A direct-sold plan that automatically invests your money in T.Rowe Mutual funds in either an age-based/enrollment-based portfolio or a static portfolio. Depending on the beneficiary's age and expected enrollment status, the portfolio can switch to more conservative investment options.

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: up to 0.09%

Total asset-based expense ratio: 0.15% to 0.87%

John Hancock Freedom 529

Who can open an account: Anyone in the US

T.Rowe Price, John Hancock, and Alaska partnered up to offer this advisor-sold 529 savings plan. This plan offers both enrollment-based and static portfolios of mutual funds from more than 20 asset managers (including John Hancock, T. Rowe Price, Allspring, Boston Partners, and more).

Account minimum: $250

Subsequent contribution minimum: $50

Enrollment/application fee: $0 (but may be charged a sales fee)

Account maintenance fee: $15 (only for accounts under $25,000)

Program management fee: up to 0.90%

Total asset-based expense ratio: 0.56% to 2.23%

Alaska ABLE Plan

Who can open an account: Anyone in the US who is eligible to receive disability benefits

This plan is offered through the National ABLE Alliance and is available to disabled individuals for qualified disability expenses including education, job training, healthcare, and financial management. This plan does not impact an individual's eligibility to receive disability benefits.

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $60 ($15 per calendar quarter)

Program management fee: 0.32% (none for checking options)

Total asset-based expense ratio: 0.34% to 0.37%

Arizona

Arizona's Education Savings Plan is hosting an art contest celebrating 529 Day (closed March 5, 2023). More than 200 students participated, and submissions will be judged on originality, creativity, organization, and content. Fourteen winners will get $529 toward an AZ529 Education Savings Account.

Arizona 529 plans have a maximum contribution limit of $531,000 for each beneficiary. However, the ABLE plan has a maximum contribution limit of $501,000 for each beneficiary.

Tax deduction benefits:

• up to $2,000 per year for single filers
• up to $4,000 per year for joint filers

AZ529, Arizona's Education Savings Plan

Who can open an account: Anyone in the US

This direct-sold plan invests your funds in Fidelity-managed mutual funds and investment contracts from third-party insurance companies and banks. There are age-based/enrollment portfolio options and static options.

Account minimum: $0 ($15 minimum for automatic investment plan)

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.00% to 0.17%

Total asset-based expense ratio: 0.11% to 0.95%

The Goldman Sachs 529 Plan

Who can open an account: Anyone in the US

An advisor-sold 529 savings program that invests in Goldman Sachs mutual funds. It offers 15 individual-fund portfolios, five target-risk funds, and enrollment funds.

Account minimum: $250

Subsequent contribution minimum: $25

Annual account fee: $20

Enrollment/application fee: $0

Program management fee: 0.50%

Total asset-based expense ratio: 0.32% to 2.24%

AZ ABLE

Who can open an account: Arizona residents who are eligible to receive disability benefits

Arizona teamed up with Ohio to offer AZ ABLE, a program that provides the STABLE Account Plan to eligible Arizona residents. This plan offers target-risk portfolio options and bank money market/checking portfolio options.

Account minimum: $25

Subsequent contribution minimum: $1

Account maintenance fee: $39 ($9.75 quarterly)

Enrollment/application fee: $0

Program management fee: 0.19%

Total asset-based expense ratio: 0.19% to 0.33%

Arkansas

Arkansas is not currently hosting a social media campaign, webinar, or contest for 529 Day in 2023.

Arkansas 529 plans allow a maximum account balance of $500,000 per beneficiary. ABLE accounts allowed a balance of up to $336,000 per beneficiary.

Tax deduction benefits:

• up to $5,000 per year for single filers
• up to $10,000 per year for joint filers

Arkansas Brighter Future Direct Plan

Who can open an account: Anyone in the US

Ascensus College Savings and The Vanguard Group partnered up to manage this direct-sold plan of Vanguard mutual funds. This plan offers age-based/enrollment year portfolio options and static portfolio options (includes five multi-fund portfolios, a money-market portfolio, and an FDIC-insured savings portfolio).

Account minimum: $25

Subsequent contribution minimum: $10 per month (or $30 per quarter)

Account maintenance fee: $20 (waived for Arkansas residents)

Enrollment/application fee: $0

Program management fee: 0.48%

Total asset-based expense ratio: 0.53% to 0.39%

Brighter Future Advisor Plan

Who can open an account: Anyone in the US

Ascensus Broker manages this advisor-sold savings plan of iShare ETFs. It offers age-based/enrollment year portfolio options and static portfolio options. Static portfolio options are offered based on risk level: aggressive, moderate, conservative, and fixed. Different portfolios can also be mixed and matched to best suit the beneficiary.

Account minimum: $500

Subsequent contribution minimum: $50

Account maintenance fee: $10

Enrollment/application fee: $0

Program management fee: up to $o.60%

Total asset-based expense ratio: 0.35% to 1.43%

AR ABLE

Who can open an account: Anyone in the US who is eligible to receive disability benefits

National ABLE Alliance offers this ABLE Savings plan to disabled individuals diagnosed before 26 years old, and who are eligible to receive SSI and/or SSDI benefits. This plan offers target-risk and bank money market/checking portfolio options of mutual funds and ETFs.

Account minimum: $25

Account maintenance fee: $60 (waived for accounts of more than $250)

Enrollment/application fee: $0

Program management fee: 0.32% (0.00% for Checking option)

Total asset-based expense ratio: 0.19% to 0.59%

California

You can get win a bonus of $50 or $100 when you open a new ScholarShare 529 account between May 22, 2023, and May 31, 2023. But you have to deposit either $50 or $100 to earn the bonus.

The state also does not currently offer an advisor-sold plan.

California 529 plans allow accounts to have a maximum of $529,000 per beneficiary.

Tax deduction benefits: None

ScholarShare 529

Who can open an account: Anyone in the US

A direct-sold plan managed by TIAA-CREF Tuition Financing, Inc. which offers a variety of investment options from T.Rowe Price, Vanguard, TIAA-CREF, and more with age-based/enrollment year and static investment portfolio options.

The age-based/enrollment year portfolios offer an actively-managed mutual fund option, an index mutual fund option, and an ESG, or environmental, social, and governance, fund option. There is also a socially conscious static investment option.

Account minimum: $0

Account maintenance fee: $0

Enrollment/application fee: $0

Program management fee: up to 0.06% (varies by portfolio option)

Total asset-based expense ratio: 0.05% to 0.46% (none for Principal Plus Interest Portfolio)

CalABLE

Who can open an account: Anyone in the US who is eligible to receive disability benefits

California Achieving a Better Life Experience Act Board offers this ABLE savings plan of target-risk investment portfolio options and an FDIC-Insured portfolio option.

Account minimum: $25

Subsequent contribution minimum: $25

Account maintenance fee: $37

Enrollment/application fee: $0

Program management fee: up to 0.44% (waived for FDIC-Insured Portfolio)

Total asset-based expense ratio: 0.00% to 0.52%

Colorado

Firstbank, Colorado's CollegeInvest Smart Choice 529 Plan provider, is hosting a contest for students with Smart Choice 529 accounts to win up to $2,500 for college. Two first-place winners will be randomly selected (one from Arizona and the other from Colorado). But there will also be second and third-place prizes.

To enter, you must deposit at least $1 into a new or existing Smart Choice 529 account by May 31, 2023. Winners will be selected in June.

Colorado is also granting every child born or adopted in Colorado on or after January 1, 2020, a First Step Award. A First Step Award gets you $100 towards a CollegeInvest 529 college savings account, and a portion of your future contributions will be matched.

Colorado also offers a Matching Grant Program for lower and middle-income families to get a dollar-for-dollar match of up to $1,000 for five years or less. Only Colorado residents younger than 13 years old at the time of initial application are eligible for this program.

Colorado 529 plans allow a maximum account balance of $500,000 per beneficiary. But Colorado's ABLE plan has a maximum account balance of $400,000 per beneficiary.

Tax deduction benefits:

• up to $20,000 per year for single filers
• up to $30,000 per year for joint filers

Direct Portfolio College Savings Plan

Who can open an account: Anyone in the US

A direct-sold plan managed by Ascensus Broker Dealer Services, Inc. and The Vanguard Group. It offers age-based/enrollment portfolio options and static portfolio options of Vanguard mutual funds.

Account minimum: $25

Subsequent contribution minimum: $15

Account maintenance fee: $20 for accounts under $10,000

Enrollment/application fee: $0

Program management fee: 0.29%

Administration fee: up to 0.10%

Total asset-based expense ratio: 0.29%

Stable Value Plus College Savings Program

Who can open an account: Anyone in the US

A direct-sold plan offers a static portfolio to invest your funds in a stable value investment under a funding agreement with Nationwide Mutual Insurance Company.

Account minimum: $25

Subsequent contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.71%

Total asset-based expense ratio: 0.71%

Smart Choice College Savings Plan

Who can open an account: Anyone in the US

A direct-sold plan managed by FirstBank. It offers two account options: a one-year time savings account and a money market savings account. Your funds are invested in FDIC-insured FirstBank bank deposits.

Account minimum: $0

Enrollment/application fee: $0

Program management fee: 0.00%

Total asset-based expense ratio: none

Scholars Choice Education Savings Plan

Who can open an account: Anyone in the US

TIAA-CREF Tuition Financing, Inc. manages age-based/enrollment portfolios, target allocation portfolios, and static portfolio options of advisor-sold mutual funds.

Account minimum: $25

Subsequent contribution minimum: $25

Enrollment/application fee: $0 (but may be charged a sales fee)

Account maintenance fee: $0

Program management fee: up to 0.75%%

Total asset-based expense ratio: up to 0.26% to 1.71%

Colorado ABLE

Who can open an account: Anyone in the US who is eligible to receive disability benefits

This program is offered through the National ABLE Alliance and is run through CollegeInvest. It offers six target-risk portfolio options for varying risk tolerances and financial goals. It also offers a bank money market/checking portfolio option that invests your funds in an FDIC-insured checking account with Fifth Third Bank.

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $60 ($15 per calendar quarter)

Monthly service charge: $2 monthly fee for Checking option accounts (waived for accounts of more than $250)

Program management fee: 0.32% (none for the Checking option)

Total asset-based expense ratio: 0.34% to 0.37%

Connecticut

Connecticut's Office of the Treasurer offers an annual The Dream Big! Competition for kindergarten through fourth-grade kids to submit a drawing, and for kids in fifth through eighth grade to submit a video or essay based on predetermined prompts for three different age groups. The ninth-grade through twelfth-grade kids can also submit a video or essay with their own predetermined prompt.

There are three total grand prizes (one student from each age group) to win $25,000. Fifteen winners (five from each age group) win $7,500, and 240 winners (80 from each age group) win $500. Also, 20 random students will win $7,500 in tech equipment.

Connecticut 529 plans have a maximum account contribution of $559,000 per beneficiary. The ABLE plan has a maximum account contribution of $550,000 per beneficiary.

Tax deduction benefits:

• up to $5,000 per year for single filers
• up to $10,000 per year for joint filers

Connecticut Higher Education Trust (CHET)

Who can open an account: Anyone in the US

A Fidelity-managed advisor-sold plan that offers age-based portfolio and static portfolio options of Fidelity mutual funds and index funds. The three age-based investment portfolios are Fidelity Series actively managed funds, Fidelity Series index funds, and Fidelity Blend (combines mutual funds and index funds).

Account minimum: $0 (automatic investment plans have a $15 minimum monthly contribution)

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: up to 0.16% (varies based on portfolio)

Total asset-based expense ratio: 0.11% to 0.95%

CHET Advisor 529 College Savings Program

Who can open an account: Anyone in the US

Fidelity manages this advisor-sold savings plan of Fidelity Advisor and Fidelity Series mutual funds through age-based/enrollment year portfolio options and static portfolio options.

Account minimum: $0

Subsequent contribution minimum: $50 per month

Enrollment/application fee: $0

Account maintenance fee: $20 for accounts with less than $25,000 (waived with automatic contributions of at least $50 per month)

Program management fee: 0.20% to 1.00%

Total asset-based expense ratio: 0.25% to 2.28%

ABLE CT

Who can open an account: Anyone in the US who is eligible to receive disability benefits

The National ABLE Alliance offers this ABLE Savings plan of mutual funds and ETFs managed by advisor funds like Schwab and Vanguard. It also offers a high-yield savings account (from Sallie Mae Bank) and a checking account (from Fifth Third Bank and National Association). There are target-risk portfolio options and bank money market and checking portfolio options.

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $60

Program management fee: 0.32% (none for Checking option)

Total asset-based expense ratio: 0.34% to 0.37% (none for Checking option)

Delaware

The First State, First Steps program grants new accounts by June 30, 2023, a $100 contribution toward a DE 529 Education Savings Plan account. To qualify, beneficiaries must be Delaware residents aged five or younger.

Delaware 529 plans have an account maximum of $350,000 per beneficiary.

Tax deduction benefits:

• up to $1,000 per year for single filers
• up to $2,000 per year for joint filers

DE529 Education Savings Plan

Who can open an account: Anyone in the US

A Fidelity-managed advisor-sold plan that offers age-based portfolio and static portfolio options of Fidelity mutual funds and index funds. The three age-based investment portfolios are Fidelity Series actively managed funds, Fidelity Series index funds, and Fidelity Blend (combines mutual funds and index funds).

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $60

Program management fee: up to 0.32% (none for Checking option)

Total asset-based expense ratio: 0.34% to 0.37%

DEPENDABLE

Who can open an account: Anyone in the US who is eligible to receive disability benefits

The National ABLE Alliance offers this ABLE Savings plan of mutual funds and ETFs managed by advisor funds like BlackRock, Schwab, and Vanguard. It also offers a high-yield savings account ( from Sallie Mae Bank) and a checking account (from Fifth Third Bank and National Association). There are target-risk portfolio options and bank money market/checking portfolio options.

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $60

Program management fee: 0.32% (none for Checking option)

Total asset-based expense ratio: 0.34% to 0.37% (none for Checking option)

District of Columbia

District of Columbia is not currently hosting a social media campaign, webinar, or contest for 529 Day in 2023.

The state does not currently offer an advisor-sold plan.

District of Columbia has a maximum contribution of $500,000 per beneficiary.

Tax deduction benefits:

• up to $4,000 per year for single filers
• up to $8,000 per year for joint filers

DC College Savings Plan

Who can open an account: Anyone in the US

Ascensus College Savings manages this direct-sold plan of age-based/enrollment year and static portfolio options of mutual funds and ETFs from fund advisors. Underlying investments are from BlackRock, Vanguard, JP Morgan, Schwab, and more.

Account minimum: $25 ($15 for automatic investment plans)

Subsequent contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $15, but reduced to $10 for Columbia residents (fee waived for accounts of $15,000 or more)

Program management fee: up to 0.44% (varies based on portfolio)

Total asset-based expense ratio: 0.31% to 0.74% (Principal Protected Portfolio has a 0.15% ratio)

DC ABLE

Who can open an account: Anyone in the US who is eligible to receive disability benefits

The National ABLE Alliance offers this ABLE Savings plan of mutual funds and ETFs managed by advisor funds like BlackRock, Schwab, and Vanguard. It also offers a high-yield savings account (from Sallie Mae Bank) and a checking account (from Fifth Third Bank and National Association). There are target-risk portfolio options and bank money market/checking portfolio options.

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $60

Program management fee: 0.32% (none for checking option)

Total asset-based expense ratio: 0.34% to 0.37% (none for checking option)

Florida

Florida 529 Savings Plan is offering $50 into your new account if you enroll by June 30, 2023.

Florida does not offer an advisor-sold plan option. The max amount you can contribute to a Florida 529 plan is $418,000 per beneficiary.

Tax deduction benefits: None

Florida 529 Savings Plan

Who can open an account: Must be a Florida resident

The Florida Prepaid College Board administers this direct-sold plan that invests your funds in index funds of stocks and bonds with age-based/enrollment or static investment portfolio options. Static investment portfolios offer growth, blended, and income-focused options.

Underlying investments are managed by Florida PRIM, Vanguard, BlackRock, Dimensional Fund Advisors, Eaton Vance, and Wellington Management.

Account minimum: $0

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.00%

Total asset-based expense ratio: 0.02% to 0.74%

Stanley G. Tate Florida Prepaid College Plan

Who can open an account: Must be a Florida resident for at least 12 months

Florida Prepaid College Board manages the country's largest and oldest direct-sold, prepaid tuition program. It offers five tuition packages to assist Florida families to attend any eligible educational institution. The plan covers the cost of tuition, housing, and other eligible educational expenses (varies based on plan).

Available tuition packages:

• 4-Year Florida University Plan: 120 credit hours with a contract price of $180.51 per month
• 4-Year Florida College Plan: 120 credit hours with a contract price of $115.90 per month
• 2-Year Florida College Plan: 60 credit hours with a contract price of $53.70 per month
• 1-Year Florida University Plan: 30 credit hours with a contract price of $45.16 per month
• 2 + 2 Florida Plan: 120 credit hours with a contract price of $144.81 per month

This prepaid plan is open for enrollment from February 1 to April 30.

Account minimum: Contract price

Enrollment/application fee: $0

ABLE United

Who can open an account: Must be a Florida resident at the time of application and must be eligible to receive disability benefits

ABLE United manages this savings account for disabled individuals and their families to save private funds for education, health, and quality of life expenses. Investments are managed by firms like Vanguard, The Northern Trust Company, The Bank of New York Mellon, Florida PRIME, and BlackRock.

It offers target-risk portfolio options — including a build-your-own portfolio option made up of Vanguard US Stock Fund and Bond Funds, BlackRock International Stock Fund, and New York Mellon FDIC Fund — as well as a bank money market and checking portfolio option.

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.00%

Total asset-based expense ratio: 0.00% to 0.29%

Georgia

Georgia babies born on May 29, 2023, at Doctors Hospital of Augusta or Piedmont Columbus Hospital, are entered to win a $1,529 contribution toward a Path2College 529 Plan account. Two babies will be randomly chosen to win.

Georgia only offers one 529 plan. The state does not currently offer an advisor-sold plan.

This state has a maximum contribution limit of $235,000 per beneficiary. ABLE accounts have a lifetime limit of $523,000 per beneficiary,

Tax deduction benefits:

• up to $4,000 per year for single filers
• up to $8,000 per year for joint filers

Path2College 529 Plan

Who can open an account: Anyone in the US

TIAA manages this direct-sold savings plan of TIAA-CREF, DFA, and Vanguard mutual funds. It offers age-based/enrollment portfolio options and four multi-fund stat investment portfolio options. The Principal Plus Interest Portfolio (one of the static portfolio options) has a guaranteed 1% to 3% minimum interest rate on your assets.

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.04% (none for Principal Plus Interest Portfolio)

Total asset-based expense ratio: 0.06% to 0.12% (none for Principal Plus Interest Portfolio)

Georgia STABLE

Who can open an account: Georgia residents who are eligible to receive disability benefits

Ohio and Georgia teamed up to offer this ABLE Savings plan There are target-risk portfolio options (Income, Conservative Growth, Moderate Growth, or Growth) and bank money market/checking portfolio options which include FDIC insurance protection.

Account minimum: $25

Subsequent contribution minimum: $1

Enrollment/application fee: $0

Account maintenance fee: $39

Program management fee: 0.19% (none for BankSafe option)

Total asset-based expense ratio: 0.19% to 0.33%

Hawaii

Hawaii is not currently hosting a social media campaign, webinar, or contest for 529 Day in 2023.

Hawaii allows 529 plan accounts to have up to $305,000 per beneficiary.

Tax deduction benefits: None

Hawaii's College Savings Program

Who can open an account: Anyone in the US

Upromise Investments, Inc. manages this advisor-sold savings plan of Vanguard mutual fund through age-based/enrollment year portfolio options, multi-fund static portfolio options, and individual-fund options.

Account minimum: $15

Enrollment/application fee: $0

Account maintenance fee: $20 (waived for Hawaii residents)

Program management fee: 0.55%

Total asset-based expense ratio: 0.58% to 0.66%

Hawai'i ABLE

Who can open an account: Anyone in the US who are eligible to receive disability benefits

Hawaii and Oregon partnered up with National Program for ABLE for the ABLE Savings plan. It offers target-risk portfolio options, including a Cash option, as well as a bank money market investment/checking option.

Account minimum: $25

Subsequent contribution minimum: $10

Enrollment/application fee: $0

Account maintenance fee: $35

Program management fee: 0.30%

Total asset-based expense ratio: 0.30% to 0.34%

Idaho

Idaho is not promoting 529 Day through a webinar, contest, or social media campaign in 2023.

The state does not currently offer an advisor-sold plan or an ABLE plan.

Idaho's 529 plan allows a maximum account balance of $500,000 per beneficiary.

Tax deduction benefits:

• up to $6,000 per year for single filers
• up to $12,000 per year for joint filers

Idaho College Savings Program (IDeal)

Who can open an account: Anyone in the US

A direct-sold savings plan managed by Ascensus College Savings. It invests in Vanguard mutual funds through age-based/enrollment year portfolio options and static investment portfolio options (including multi-fund portfolios, risk tolerance portfolios, an interest accumulation portfolio, and a savings portfolio through Sallie Mae).

Account minimum: $25 (or $15 per pay period)

Enrollment/application fee: $0

Account maintenance fee: $20 (only for non-Idaho residents)

Program management fee: 0.32% to 34% (varies based on portfolio)

Total asset-based expense ratio: 0.36% or 0.34%

Illinois

Illinois General Assembly grants every child born or adopted in Illinois after January 1, 2023, $50 toward a college savings account or 529 plan.

Illinois allows 529 plan accounts to have up to $500,000 per beneficiary.

Tax deduction benefits:

• up to $10,000 per year for single filers
• up to $20,000 per year for joint filers

Bright Start Direct-Sold College Savings Program

Who can open an account: Anyone in the US

Union Bank & Trust Company manages this direct-sold savings plan of multi-firm and index funds. It offers target-risk portfolio options, age-based/enrollment year portfolios, and static portfolio options (includes an FDIC-insured option).

Account minimum: $0

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.10%

Total asset-based expense ratio: 0.07% to 0.79%

College Illinois! 529 Prepaid Tuition Program

Who can open an account: Must be an Illinois resident for at least 12 months

A direct-sold prepaid contract plan managed by the Illinois Student Assistance Commission. It offers a variety of college and university tuition packages that cover the costs of tuition and mandatory fees.

Contract price: Varies based on the age of the beneficiary when the contract is purchased. The younger the beneficiary, the cheaper the contract price.

Enrollment/application fee: $0

Bright Directions Advisor-Guided 529 College Savings Program

Who can open an account: Anyone in the US

Union Bank & Trust Company of Lincoln, Nebraska, manages this advisor-sold savings account of age-based/enrollment year portfolios, static mult-fund portfolios, and individual-fund portfolios of mutual funds and ETFs. Underlying investments are from funds like Fidelity, T.Rowe Price, Harbor Funds, Norther Funds, iShares, and more.

Account minimum: $0

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.025% to 0.87% (varies by portfolio)

Total asset-based expense ratio: 0.14% to 1.54%

Illinois ABLE

Who can open an account: Any US resident who is eligible to receive disability benefits

This ABLE savings plan is offered through the National ABLE Alliance. BlackRock, Schwab, and Vanguard manage mutual funds and ETFs through target-risk portfolio options. There's also a high-yield savings account through Sallie Mae Bank.

Account minimum: $25

Contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $59

Program management fee: 0.32% (none for Checking option)

Total asset-based expense ratio: 0.34% to 0.37%

Indiana

CollegeChoice 529 Savings Plan hosts its annual Faces of 529 Day Content, in which one random winner will earn a $529 contribution toward a CollegeChoice 529 account. To enter, you upload a picture of the account's beneficiary with a caption and complete an online entry form. May 29 is the last day to enter.

Indiana allows 529 plan accounts to have up to $450,000 per beneficiary.

Tax deduction benefits:

• up to $1,500 per year for single filers
• up to $1,500 per year for joint filers

CollegeChoice 529 Direct Savings Plan

Who can open an account: Anyone in the US

A direct-sold savings plan of mutual funds managed by Ascensus College Savings offers age-based/enrollment year portfolios and static investment portfolio options (including an FDIC-insured Savings Portfolio which invests in the NexBank high-yield savings account).

Age-based/enrollment year portfolio investments are made up of funds from Vanguard, Schwab, iShares, BlackRock, and more. Static portfolios are made up of funds from Vanguard, JP Morgan, Carillion Tower Advisors, and more.

Account minimum: $10

Enrollment/application fee: $0

Account maintenance fee: $20 (waived for Indiana residents)

Program management fee: 0.14% or 0.24% (varies by portfolio option)

Total asset-based expense ratio: 0.14% to 0.64%

CollegeChoice CD 529 Savings Plan

Who can open an account: Anyone in the US

A direct-sold savings plan managed by College Savings Bank, a Division of NexBank. It offers two FDIC-insured, static investment portfolio options: one portfolio of fixed-rate CDs, and another (aka the Honors Savings Account) that is a high-yield savings account from College Savings Bank. The Honors Savings Account has an APY of 0.75%.

Account minimum: $250

Contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.00%

Total asset-based expense ratio: 0.00%

CollegeChoice Advisor 529 Savings Plan

Who can open an account: Anyone in the US

Ascensus College Savings manages this advisor-sold savings plan of mutual funds from various investment managers. This offers age-based/enrollment year portfolios and static investment portfolios (including individual-fund portfolios, an FDIC-insured bank savings option, and a capital preservation option).

The bank savings options invest in the NexBank high-yield savings account, and the capital preservation portfolio option invests in the New York Life Guaranteed Interest Account.

Account minimum: $25

Enrollment/application fee: $0 (may be charged a sales fee)

Account maintenance fee: $20 (waived for Indiana residents)

Program management fee: 0.31% or 0.39% (varies by portfolio option)

Total asset-based expense ratio: 0.31% to 2.15%

INvestABLE Indiana

Who can open an account: Any US resident who is eligible to receive disability benefits

This ABLE savings plan is offered through the National ABLE Alliance. BlackRock, Schwab, and Vanguard manage mutual funds and ETFs through target-risk portfolio options. There's also a high-yield savings account through Sallie Mae Bank.

Account minimum: $25

Contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $60

Program management fee: 0.32% (none for Checking option)

Total asset-based expense ratio: 0.32% to 0.37% (none for Checking option)

Iowa

Roby Smith, Iowa's State Treasurer, is giving away five $529 prizes toward a new or existing College Savings Iowa account. All Iowa residents with a child or grandchild under 18 are eligible to win, but must first enter at Iowa529Contest.com. One winner will be selected each week throughout the month.

Iowa allows 529 plan accounts to have up to $420,000 per beneficiary.

Tax deduction benefits:

• up to $3,785 per year for single filers per beneficiary
• up to $7,570 per year for joint filers per beneficiary

College Savings Iowa

Who can open an account: Anyone in the US

The State Treasurer of Iowa manages this direct-sold savings plan of Vanguard mutual funds. It offers age-based/enrollment year portfolios (including risk tolerance options) and static investment multi-fund and individual-fund portfolio options.

Account minimum: $25 (or $15 per pay period with a payroll deduction)

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.18%

Total asset-based expense ratio: 0.18%

IAdvisor 529 Plan

Who can open an account: Anyone in the US

An advisor-sold savings plan managed by Voya Investment Management Co.LLC. Through age-based/enrollment year portfolios and static investment portfolio options (including static allocation portfolios and individual-fund portfolios) that invest in Voya mutual funds and other funds managed by different investment firms.

Account minimum: $250 per investment option ($50 per month with automatic investment plan)

Subsequent contribution minimum: $50 per investment option

Enrollment/application fee: $0

Account maintenance fee: $25 (waived for accounts of $25,000 or more, or automatic investment plans)

Program management fee: 0.31%

Total asset-based expense ratio: 0.83% to 2.36%

IAble Plan

Who can open an account: Any US resident who is eligible to receive disability benefits

This ABLE savings plan is offered through the National ABLE Alliance. BlackRock, Schwab, and Vanguard manage mutual funds and ETFs through target-risk portfolio options. There's also a high-yield savings account through Sallie Mae Bank.

Account minimum: $25

Contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $60

Program management fee: 0.32% (none for Checking option)

Total asset-based expense ratio: 0.34% to 0.37%

Kansas

Kansas is not currently offering a promotional social media campaign, webinar, or sweepstakes in celebration of 529 Day in 2023.

Kansas allows 529 plan accounts to have up to $450,000 per beneficiary.

Tax deduction benefits:

• up to $3,000 per year per beneficiary for single filers
• up to $6,000 per year per beneficiary for joint filers

Learning Quest 529 Education Savings Program (Direct-sold)

Who can open an account: Anyone in the US

American Century Investment Management, Inc. manages this direct-sold savings plan of American Century, Vanguard, and Baird mutual funds. It offers age-based/enrollment year portfolios (includes risk level options) and static investment portfolio options (includes Cash and Cash equivalent options)

Account minimum: $0

Enrollment/application fee: $0 (may be charged a sales fee)

Account maintenance fee: $20 (waived for Cash/Cash equivalent portfolios)

Program management fee: 0.03% to 0.57% (varies by portfolio)

Total asset-based expense ratio: 0.10% to 0.771%

Schwab 529 College Savings Plan

Who can open an account: Anyone in the US

American Century manages this direct-sold savings plan of Charles Schwab mutual funds and investments from other funds. It offers age-based/enrollment year portfolios (including risk levels) and static portfolio options (including multi-fund options and a money market portfolio). These portfolios have an index option or can be actively managed.

Account minimum: $0

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.20% for actively managed funds

Total asset-based expense ratio: 0.38% to 0.93% (index portfolios have a 0.25% fee)

Learning Quest Advisor

Who can open an account: Anyone in the US

American Century Investment Services, Inc. manages this advisor-sold savings plan of mutual funds from T. Rowe Price, Principal Financial Group, American Century, and American Beacon. It offers age-based/enrollment year portfolios (including risk levels) and static investment options (including multi-fund portfolios, individual-fund options, and Cash/Cash equivalent portfolios).

Account minimum: $0

Enrollment/application fee: $0 (may be charged a sales fee)

Account maintenance fee: $20 (waived for Cash/Cash equivalent portfolios)

Program management fee: 0.32% to 0.98% or 0.10% to 1.28% (varies by portfolio)

Total asset-based expense ratio: 0.35% to 2.48%

Total asset-based expense ratio: 0%

Kansas ABLE Savings Plan

Who can open an account: Any US resident who is eligible to receive disability benefits

This ABLE savings plan is offered through the National ABLE Alliance. BlackRock, Schwab, and Vanguard manage mutual funds and ETFs through target-risk portfolio options. There's also a high-yield savings account through Sallie Mae Bank.

Account minimum: $25

Contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $60

Program management fee: 0.32% (none for Checking option)

Total asset-based expense ratio: 0.34% to 0.37%

Kentucky

Kentucky is giving away $529 to random KY Saves accounts throughout May.

Kentucky allows 529 plan accounts to have up to $450,000 per beneficiary.

Tax deduction benefits: None

KY Saves 529

Who can open an account: Anyone in the US

Ascensus College Savings manages a direct-sold savings plan of mutual funds and ETFs from American Funds, BlackRock, Charles Schwab Investment Management, Vanguard, and more. It offers age-based/enrollment year portfolios and static investment portfolio options (including a mix of equity, fixed income, and active or index-based allocations).

Account minimum: $0

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: up to 0.40%

Total asset-based expense ratio: 0.20% to 0.80%

STABLE Kentucky

Who can open an account: Kentucky residents who are eligible to receive disability benefits

The Commonwealth of Kentucky teamed up with Ohio to create this ABLE savings plan. Investment options are provided by Marquette Associated, Vanguard, and Fifth Third Bank. This plan offers target-risk portfolios and bank money market/checking portfolio options.

Account minimum: $25

Subsequent contribution minimum: $1

Enrollment/application fee: $0

Account maintenance fee: $39

Program management fee: 0.19%

Total asset-based expense ratio: 0.19% to 0.33%

Louisiana

The Louisiana Office of Student Financial Assistance's Facebook and Twitter channels are promoting 529 Day through informational tips, videos, and more. At the end of May, followers can participate in 529 activities, such as a scavenger hunt and a drawing contest, to win up to $529. The winner will be announced on June 1.

Louisiana allows 529 plan accounts to have up to $500,000 per beneficiary.

Tax deduction benefits:

• up to $2,400 per year for single filers
• up to $4,800 per year for joint filers

START Savings Program

Who can open an account: The beneficiary must be a Louisiana resident at the time of enrollment

Louisiana State Treasurer manages a direct-sold savings plan of Vanguard LifeStrategy funds, Vanguard Index funds, and State Treasurer's funds. It offers age-based/enrollment year portfolios and static investment portfolio options (including the Louisiana Principal Protection Option and Vanguard individual fund options).

Account minimum: $10

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.00%

Total asset-based expense ratio: 0.02% to 0.14%

LA ABLE

Who can open an account: Louisiana residents who are eligible to receive disability benefits

Louisiana Tuition Trust Authority and Louisiana State Treasurer manage this ABLE savings plan. Vanguard manages the investment including the Vanguard Federal Money Market Fund. This plan only offers target-risk portfolio options.

Account minimum: $10

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.00%

Total asset-based expense ratio: 0.07% to 0.15%

Maine

FAME launches its media campaign called The FutureME to inspire both Maine kids and parents to strive for success with higher education.

Maine allows 529 plan accounts to have up to $520,000 per beneficiary.

Tax deduction benefits:

• up to $1,000 per year for single filers
• up to $1,000 per year for joint filers

NextGen 529 — Client Direct Series

Who can open an account: Anyone in the US

Vestwell State Saving, LLC manages this direct-sold savings plan of mutual funds, ETFs, and GIAs issued by one or more insurance companies. It offers age-based/enrollment year investment portfolios, and static investment portfolios (including an ESG option, the Principal Plus Portfolio, and NextGen Savings Portfolio).

Account minimum: $25 (waived for Maine residents for certain grants)

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: up to 0.20%

Total asset-based expense ratio: 0.00% to 0.51%

NextGen 529 — Client Select Series

Who can open an account: Anyone in the US

Vestwell State Savings Administration, LLC manages this advisor-sold savings plan of mutual funds and GIAs issued by one or more insurance companies. It offers age-based/enrollment year portfolios (including portfolios of underlying mutual funds), and static investment portfolios (including individual-fund portfolios, the Principal Plus Portfolio, and the NextGen Savings Portfolio).

Account minimum: $25 (waived for Maine residents for certain grants)

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: up to 1.15%

Total asset-based expense ratio: 0.00% to 1.97%

ABLE ME

Who can open an account: Maine residents who are eligible to receive disability benefits

Maine State Treasurer established and maintains this ABLE savings plan. This plan only offers an FDIC-insured checking account option.

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $0

Maryland

Maryland residents can apply to win up to $500 for a Maryland College Investment Plan Account through the Save4College State Contribution Program. You must have an eligible CollegeInvestment Plan Account and complete an online application by May 31 at 11:59 PM.

Maryland allows 529 plan accounts to have up to $500,000 per beneficiary.

Tax deduction benefits:

• up to $2,500 per year for single filers
• up to $5,000 per year for joint filers

Maryland 529 — Maryland Senator Edward J. Kasemeyer College Investment Plan

Who can open an account: Anyone in the US

T.Rowe Price manages this direct-sold savings plan of T.Rowe Price mutual funds and Vanguard index fund. It offers age-based/enrollment year portfolios and static investment portfolios (including an Inflation-Focused Bond Portfolio, Bond and Income Portfolio, Equity Index 500 Portfolio, and many more).

Account minimum: $25

Subsequent contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.08%

Total asset-based expense ratio: 0.13% to 0.64%

Maryland 529 — Maryland Senator Edward J. Kasemeyer Prepaid College Trust

Who can open an account: Must be a Maryland or DC resident at the time of enrollment

Intuition College Savings Solutions offers direct-sold prepaid tuition packages to Maryland and Columbia families. It offers tuition packages for one semester to four years at a four-year Maryland public university, and packages of one to two years at a Maryland community college.

Contract price: $5,099 to $44,226 (varies by contract)

Enrollment/application fee: $0

Maryland ABLE

Who can open an account: Anyone in the US who is eligible to receive disability benefits

Marquette Associates manages this ABLE savings plan. This plan invests in mutual funds through target-risk portfolio options and an FDIC-insured Cash option.

Account minimum: $25

Subsequent contribution minimum: $10

Enrollment/application fee: $0

Account maintenance fee: $35

Program management fee: 0.30% to 0.95% (varies based on portfolio option)

Total asset-based expense ratio: 0.3463% to 0.95%

Massachusetts

All Massachusetts children are entered to win a $50 deposit into a U.Fund 529 College Investing Plan through the BabySteps Savings Plan.

MEFA is hosting College Saving webinars on May 25 (presented in English) and May 26 (presented in Spanish). MEFA is also promoting a social media campaign throughout May to post tools, guides, and more on 529 plans. This includes an "Ask Me Anything" section on Instagram where followers can ask experts questions on savings for college. You can see answers in real time @mefa_ma.

Massachusetts allows 529 plan accounts to have up to $500,000 per beneficiary.

Tax deduction benefits:

• up to $1,000 per year for single filers
• up to $2,000 per year for joint filers

U.Fund College Investing Plan

Who can open an account: Anyone in the US

A Fidelity-managed advisor-sold plan that offers age-based portfolio and static portfolio options of Fidelity mutual funds and index funds. The three age-based investment portfolios are Fidelity Series actively managed funds, Fidelity Series index funds, and Fidelity Blend (combines mutual funds and index funds). It also offers static investment portfolios (including multi-fund portfolios, individual-fund portfolios, and a Bank Deposit Portfolio).

Account minimum: $0

Contribution minimum: $15 per month

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: up to 0.45%

Total asset-based expense ratio: 0.11% to 0.95%

U.Plan

Who can open an account: Anyone in the US

MEFA manages this prepaid contract plan that operates differently than other 529 plans. This plan issues Massachusetts general federal and state obligation bonds, which can later be accepted as tuition payment by participating Massachusetts institutions.

Tuition certificates must be redeemed within 6 years after it reaches its maturity date.

Contract price: $300 for one Tuition Certificate per maturity year

Subsequent contribution minimum: $10

Enrollment/application fee: $0

Attainable Savings Plan

Who can open an account: Anyone in the US who is eligible to receive disability benefits

Fidelity manages this ABLE savings plan, which invests through target-risk investment options or an ABLE Money Market Portfolio portfolio option.

Account minimum: $0

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.20%

Total asset-based expense ratio: 0.29% to 0.88%

Michigan

Michigan Education Savings Plan is hosting a contest for residents to win up to a $100 bonus between May 22 and May 31. You can also earn $50 when you deposit $250 into a 529 savings account and set up monthly contributions of $50 or more. If you deposit $500 and set up monthly contributions of $50, you can get $100 (offer ends November 30, 2023).

Michigan allows 529 plan accounts to have up to $500,000 per beneficiary.

Tax deduction benefits:

• up to $5,000 per year for single filers
• up to $10,000 per year for joint filers

Michigan Education Savings Program

Who can open an account: Anyone in the US

TIAA-CREF manages this direct-sold savings plan of TIAA-CREF, Vanguard, and iShare mutual funds. It offers age-based/enrollment year portfolio options and static investment options.

Account minimum: $25 (or $15 per pay period via payroll deduction)

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.0225%

Total asset-based expense ratio: 0.065% to 0.185%

Michigan Education Trust

Who can open an account: Must be a Michigan resident at the time of enrollment

MET Board of Directors and the Department of Treasury manage this direct-sold prepaid contract plan for Michigan families to afford tuition at Michigan public institutions. It offers tuition packages for one to eight semesters worth of tuition at Michigan universities and Michigan public community colleges.

Contract prices: varies based on whether you purchase LumpSum, Pay-As-You-Go, and Monthly payment options

Enrollment/application fee: $60 ($25 for online enrollment)

MI 529 Advisor Plan

Who can open an account: Anyone in the US

TIAA-CREF manages this advisor-sold savings plan of mutual funds. It offers age-based/enrollment year portfolio options, and static investment options (including target-risk, individual fund, and multi-fund options).

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.05% to 0.80%

Total asset-based expense ratio: 0.42% to 1.83%

MiABLE

Who can open an account: Anyone in the US who is eligible to receive disability benefits

TSA Consulting Group manages this ABLE savings plan of target-risk portfolio options (including options like All Stock Aggressive, 80/20 Aggressive Portfolio, 60/40 Balanced Portfolio, and more), and an FDIC-insured omnibus savings account through FPS Trust Company.

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $45

Program management fee: 0.50%

Total asset-based expense ratio: 0.50% to 0.78%

Minnesota

Minnesota 529 College Savings Plan is hosting a contest for residents to win up to a $100 bonus between May 22 and May 31. You can also earn $50 when you deposit $250 into a 529 savings account and set up monthly contributions of $50 or more. If you deposit $500 and set up monthly contributions of $50, you can get $100 (offer ends November 30, 2023).

Minnesota allows 529 plan accounts to have up to $425,000 per beneficiary.

Tax deduction benefits:

• up to $1,500 per year for single filers
• up to $3,000 per year for joint filers

Minnesota College Savings Plan

Who can open an account: Anyone in the US

TIAA-CREF manages this direct-sold saving plan of TIAA-CREF institutional mutual funds, as well as Vanguard and DFA funds. It offers age-based/enrollment year portfolios and static investment portfolio options (including a Social Choice Equity Option and the Principal Plus Interest Option).

Account minimum: $25 (or $15 via payroll deduction)

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.1025% (does not apply to Principal Plus Interest Option)

Total asset-based expense ratio: 0.12% to 0.28%

Minnesota ABLE Plan

Who can open an account: Anyone in the US who is eligible to receive disability benefits

This ABLE savings plan is offered through the National ABLE Alliance. BlackRock, Schwab, and Vanguard manage mutual funds and ETFs through target-risk portfolio options. There's also a high-yield savings account through Sallie Mae Bank

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $60

Program management fee: 0.32% (none for Checking option)

Total asset-based expense ratio: 0.34% to 0.37%

Mississippi

Mississippi allows 529 plan accounts to have up to $235,000 per beneficiary.

Tax deduction benefits:

• up to $10,000 per year for single filers
• up to $20,000 per year for joint filers

Mississippi Affordable College Savings (MASCS) Program

Who can open an account: Anyone in the US

Intuition College Savings Solution, LLC manages this direct-sold savings plan of TIAA-CREF, Vanguard, and Schwab mutual funds. It offers age-based/enrollment year portfolio options and static investment portfolios (including multi-fund, single-fund, and a Guaranteed Option).

Account minimum: $25 (or $15 via payroll deduction)

Enrollment/application fee: $0

Account maintenance fee: $20

Program management fee: 0.60% (does not apply for the Guaranteed Option)

Total asset-based expense ratio: 0.63% to 0.73%

Mississippi Prepaid Affordable College Tuition (MPACT) Program

Who can open an account: Must be a Mississippi resident at the time of enrollment

Mississippi Treasury Department manages a direct-sold prepaid contract plan for families to afford university, junior college, and community college tuition. There are options between one and four years.

Contract Price: $3,931 to $51,127

Enrollment/application fee: $60

Mississippi ABLE

Who can open an account: Anyone in the US who is eligible to receive disability benefits

This ABLE savings plan is offered through the National ABLE Alliance. BlackRock, Schwab, and Vanguard manage mutual funds and ETFs through target-risk portfolio options. There's also a high-yield savings account through Sallie Mae Bank and a checking account through Fifth Third Bank.

Account minimum: $25

Contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $60

Program management fee: 0.32% (none for the Checking Option)

Total asset-based expense ratio: 0.02% to 0.05% (none for the Checking Option)

Missouri

During the month of May, you can get $50 toward a MOST 529 plan account when you open a new account and make a minimum contribution of $25.

Missouri allows 529 plan accounts to have up to $550,000 per beneficiary.

Tax deduction benefits:

• up to $8,000 per year for single filers
• up to $16,000 per year for joint filers

MOST - Missouri's 529 Education Plan (Direct-sold)

Who can open an account: Anyone in the US

Ascensus College Savings manages this direct-sold savings plan of Vanguard and Dimensional Fund Advisors funds through age-based/enrollment year portfolio options and static investment portfolio options (including multi-fund portfolios and individual-funds portfolios).

Account minimum: $0

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.15%

Total asset-based expense ratio: 0.17% to 0.42%

Nebraska

Back in April, Nest 529 hosted the "Why I Want to Go to College" writing contest for seventh and eighth graders.

Nebraska allows 529 plan accounts to have up to $500,000 per beneficiary.

Tax deduction benefits:

• up to $10,000 per year for single filers
• up to $10,000 per year for joint filers

Bloomwell 529 Education Savings Plan

Who can open an account: Anyone in the US

Union Bank and Trust Company manage this direct-sold savings plan of mutual funds from Vanguard, T.Rowe Price, iShares, Goldman Sachs, and more. It offers age-based/enrollment year portfolios and static investment options (including select core or socially aware options, and risk tolerance options).

Account minimum: $0

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.14%

Total asset-based expense ratio: 0.16% to 0.70%

Nebraska Education Savings Trust — Direct College Savings Plan

Who can open an account: Anyone in the US

Union Bank and Trust manage this direct-sold savings plan of Vanguard, T.Rowe Price, DFA, and other firm mutual funds. It offers age-based/enrollment year portfolios (including risk tolerance options) and static investment portfolio options.

Account minimum: $0

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.10%

Total asset-based expense ratio: 0.10% to 0.66%

State Farm 529 Savings Plan

Who can open an account: Anyone in the US

Union Bank and Trust Company manage this advisor-sold savings plan of Vanguard, State Street, DFA, and iShares funds through age-based/enrollment year portfolios and static investment portfolios (including money market and bank saving options).

Account minimum: $0

Subsequent contribution minimum: $50

Enrollment/application fee: $0

Account maintenance fee: $15 (waived for accounts over $20,000)

Program management fee: 0.17% or 0.42% (varies by portfolio)

Total asset-based expense ratio: 0.17% to 0.50%

Nebraska Education Savings Trust — Advisor College Savings Plan

Who can open an account: Anyone in the US

Union Bank and Trust Company manage this advisor-sold savings plan of Vanguard, State Street, DFA, and iShares funds through age-based/enrollment year portfolios and static investment portfolios (including individual-fund portfolios, money market, and bank saving options).

Account minimum: $0

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.02% to 0.25%

Total asset-based expense ratio: 0.17% to 1.27%

Enable Savings Plan

Who can open an account: Anyone in the US who is eligible for disability benefits

Nebraska State Treasurer manages this ABLE savings plan of funds with target-risk portfolio options (growth, moderate, and conservative) and an FDIC-insured savings account through the First National Bank of Omaha.

Account minimum: $50

Subsequent contribution amount: $25 per month

Enrollment/application fee: $0

Account maintenance fee: $45

Program management fee: 0.40%

Total asset-based expense ratio: 0.40% to 0.45%

Nevada

Each Nevada 529 account beneficiary will be awarded a one-time $100 account contribution through Putnam 529 for America. But the account beneficiary must have a Nevada address, an account that's been open for at least 12 months, and an account balance of at least $1,000.

The USAA 529 Education Savings Plan also offers three Bonus Programs:

• $100 Investment Bonus: You can earn this bonus when you open a new account and make a $50 deposit and a $50 monthly Automatic Investment Plan
• Asset Transfer Bonus: You can earn up to a $1,500 bonus when you transfer your assets from an existing 529 Plan account to a new USAA 529 Education Savings Plan account
• Disciplined Investor Bonus: You can earn a $50 bonus when you set up a $200 monthly Automatic Investment Plan to your 529 plan

Nevada allows 529 plan accounts to have up to $500,000 per beneficiary.

Tax deduction benefits: None

The Vanguard 529 College Savings Plan

Who can open an account: Anyone in the US

Ascensus College Savings manages this direct-sold saving plan of Vanguard mutual funds through age-based/enrollment year portfolios (including risk tolerance options) and static investment portfolio options.

Account minimum: $3,000 ($1,000 for Nevada residents)

Subsequent contribution minimum: $50

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.11%

Total asset-based expense ratio: 0.12% to 0.42%

SSGA Upromise 529 Plan

Who can open an account: Anyone in the US

Ascensus College Savings and State Global Advisors manages this direct-sold savings plan (except for Saving Portfolios, which Sallie Mae Bank manages) that invests in SPDR ETFs and mutual funds. It offers age-based/enrollment year portfolios and static investment portfolios (including an FDIC-insured savings account).

Account minimum: $15

Subsequent contribution minimum: $15

Enrollment/application fee: $0

Account maintenance fee: $20 (waived for Nevada residents or savings portfolios)

Program management fee: 0.24% to 0.34%

Total asset-based expense ratio: 0.28% to 0.89%

USAA 529 Education Savings Plan

Who can open an account: Anyone in the US

Ascensus College Savings manages this direct-sold savings plan of Victory Fund mutual funds through age-based/enrollment year portfolios and static investment portfolio options (including fixed allocation options and a money-market portfolio).

Account minimum: $50

Enrollment/application fee: $0

Account maintenance fee: $10 fee for balances of less than $1,000 (waived for Nevada residents)

Program management fee: 0.10%

Total asset-based expense ratio: 0.45% to 0.90%

Nevada Prepaid Tuition Program

Who can open an account: Must be a Nevada resident or the account owner must be an alumnus of a Nevada college or university

The Board of Trustees of the College Savings Plans of Nevada and the State of Treasure's Office manages this direct-sold prepaid contract plan. This plan offers a variety of tuition packages. including a four-year university plan and a two-year community college plan.

Contract prices: Range from $4,828 to $27,081 (varies based on plan)

Enrollment/application fee: $100

Putnam 529 for America

Who can open an account: Anyone in the US

An advisors-sold savings plan managed by Putnam Retail Management. It invests in mutual funds from Putnam, Federated, State Street, MFS, and Principal through age-based/enrollment year portfolios and static investment portfolios (including Putnam Absolute Return Funds options).

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $15 (waived for Nevada residents and accounts of at least $25,000.

Program management fee: up to 1.00%

Total asset-based expense ratio: 0.30% to 2.19%

Wealthfront 529 College Savings Plan

Who can open an account: Anyone in the US

An advisor-sold savings plan that is sponsored by the state of Nevada and managed by Ascensus Broker Dealer Services. It invests in Vanguard mutual funds and iShares ETFs with an individual age-based/enrollment year portfolio.

Account minimum: $500

Subsequent contribution minimum: $100

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.06% plus an advisory fee of 0.25% (waived for the first $25,000 only for Nevada residents)

Total asset-based expense ratio: 0.34% to 0.70%

ABLE Nevada

Who can open an account: Anyone in the US who's eligible to receive disability benefits

Acensus manages this ABLE savings plan of mutual funds and ETFs from BlackRock, Schwab, and Vanguard. Sallie Mae also offers a high-yield saving account option. It offers target-risk portfolios, as well as a banking option from Fifth Third Bank (includes a checking account and a debit card).

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $60

Program management fee: 0.32% (none for checking option)

Total asset-based expense ratio: 0.34% to 0.37%

New Hampshire

New Hampshire is not hosting a social media campaign, contest, or giveaway for 529 Day.

New Hampshire allows 529 plan accounts to have up to $569,123 per beneficiary.

Tax deduction benefits: None

UNIQUE College Investing Plan

Who can open an account: Anyone in the US

Fidelity manages this direct-sold savings plan of Fidelity mutual funds and index funds with age-based/enrollment year portfolio options and static investment options (including a Bank Deposit portfolio and a Stable Value portfolio). With the Bank Deposit portfolio, you'll get an FDIC-insured interest-bearing Wells Fargo account.

Account minimum: $0

Subsequent contribution minimum: $15 (only applies to automatic investment plan)

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: up to 0.17%

Total asset-based expense ratio: 0.11% to 0.95%

Fidelity Advisor 529 Plan

Who can open an account: Anyone in the US

Fidelity manages this advisor-sold savings plan of Fidelity Series and Fidelity Advisor mutual funds. It offers age-based/enrollment year portfolios and static investment portfolio options (including multi-fund portfolios and individual-fund portfolios).

Account minimum: $0

Subsequent contribution minimum: $50 (with automatic investment plan)

Enrollment/application fee: $0

Account maintenance fee: $20

Program management fee: up to 0.75%

Total asset-based expense ratio: 0.25% to 2.28%

STABLE NH

Who can open an account: Nevada residents who are eligible to receive disability benefits

New Hampshire partnered with Ohio to create the STABLE program for Nevada residents. It invests in Vanguard and Fifth Third Bank funds through target-risk portfolios and an FDIC-insured BankSafe checking option.

Account minimum: $25

Subsequent contribution minimum: $1

Enrollment/application fee: $0

Account maintenance fee: $39

Program management fee: 0.19%

Total asset-based expense ratio: 0.19% to 0.33%

New Jersey

New Jersey is currently offering a one-time matching grant program for New Jersey residents with an annual gross household income of $75,000. The state will match an initial deposit into a new NJBEST 529 College Savings Plan up to $750.

New Jersey allows 529 plan accounts to have up to $305,000 per beneficiary.

Tax deduction benefits:

• up to $10,000 per year for single filers
• up to $10,000 per year for joint filers

NJBEST 529 College Savings Plan

Who can open an account: Anyone in the US

Franklin Distributors, Inc. manages this direct-sold savings plan of mutual funds and ETFs from Franklin Templeton, Clarion Partners, iShares, Schwab, Vanguard, and more. This plan offers age-based/enrollment year portfolios and static investment portfolios, including an ESG option. There is also an MWBE, or Minority- and Women-Owned Business Enterprises, option.

Account minimum: $25

Subsequent contribution minimum: $300 per year (until an account balance of $1,500 is met)

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: up to 0.10%

Total asset-based expense ratio: 0.09% to 0.85%

Franklin Templeton 529 College Savings Plan

Who can open an account: Anyone in the US

Franklin Distributors manages this advisor-sold savings plan of mutual funds and ETFs from Franklin Templeton and other affiliate firms. It offers age-based/enrollment year portfolios and static investment portfolio options (including an ESG and MWBE option).

Account minimum: $250 ($25 for automatic monthly investing)

Subsequent contribution minimum: can vary

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.50% (none for Advisor class and Franklin Money portfolio)

Total asset-based expense ratio: 0.09% to 2.00%

NJ ABLE

Who can open an account: Anyone in the US who's eligible for disability benefits

An Advisor Saving plan issued through the National ABLE Alliance and managed byAscensus. It invests in mutual funds and ETFs from BlackRock, Schwab, and Vanguard. It also offers a high-yield savings account through Sallie Mae Bank and a checking account through Fifth Third Bank. This plan has a target-risk portfolio option and an FDIC-insured checking option.

Account minimum: $25

Subsequent contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $60

Program management fee: 0.32% (none for checking option)

Total asset-based expense ratio: 0.34% to 0.37%

New Mexico

New Mexico is not currently promoting a social media campaign, contest, or webinar for 529 Day.

New Mexico allows 529 plan accounts to have up to $500,000 per beneficiary.

Tax deduction benefits: No limit

The Education Plan's College Savings Program

Who can open an account: Anyone in the US

Ascensus manages this direct-sold savings plan of Vanguard, Schwab, SSGA, TIAA-CREF, American Funds, New York Life, DFA, and PGIM funds. It offers age-based/enrollment year portfolios and static investment portfolios (including actively-managed fund portfolios, index fund portfolios, and a Capital Preservation Portfolio).

Account minimum: $0

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.10%

Total asset-based expense ratio: 0.10% to 0.36%

Scholar's Edge

Who can open an account: Anyone in the US

Ascensus College Savings Recordkeeping Services, LLC manages this advisor-sold savings plan of funds investment options from Vanguard, BlackRock, Principal, JP Morgan, and New York Life. It offers age-based/enrollment year portfolio options and static investment portfolios (including target-risk options, individual-fund options, and the Capital Preservation Portfolio).

Account minimum: $o

Enrollment/application fee: $0 (may be charged a sales fee)

Account maintenance fee: $20 (waived for New Mexico residents and accounts of $25,000 or more)

Program management fee: 0.45% to 1.20%

Total asset-based expense ratio: 0.28% to 2.36%

ABLE New Mexico

Who can open an account: Must be a New Mexico resident who is eligible to receive disability benefits

New Mexico partnered up with Ohio for this STABLE Account Plan, which is managed by Sumday Administration and Marquette Associated. It invests in Vanguard funds through target-risk portfolio options and an FDIC-insured BankSafe option through Fifth Third Bank.

Account minimum: $25

Subsequent contribution minimum: $1

Enrollment/application fee: $0

Account maintenance fee: $39

Program management fee: 0.11% to 0.14% (none for the BankSafe option)

Total asset-based expense ratio: 0.19% to 0.33%%

New York

New York is not currently promoting a social media campaign, contest, or webinar for 529 Day.

New York allows 529 plan accounts to have up to $520,000 per beneficiary.

Tax deduction benefits:

• up to $5,000 per year for single filers
• up to $10,000 per year for joint filers

New York's 529 College Savings Program — Direct Plan

Who can open an account: Anyone in the US

Ascensus College Savings manage a direct-sold savings plan of Vanguard mutual funds. It offers age-based/enrollment year portfolios (including risk level options) and static investment portfolios (including multi-fund options, individual fund options, and an Interest Accumulation portfolio option).

Account minimum: $o

Enrollment/application fee: $0 (may be charged a sales fee)

Account maintenance fee: $0

Program management fee: 0.12%

Total asset-based expense ratio: 0.12%

New York's 529 Advisor-Guided College Savings Plan

Who can open an account: Anyone in the US

Ascensus and JP Morgan manage this advisor-sold savings plan of primarily JP Morgan funds and SSGA funds. It offers age-based/enrollment year portfolio options and static investment options.

Account minimum: $1,000

Subsequent contribution minimum: $25

Enrollment/application fee: $0 (may be charged a sales fee)

Account maintenance fee: $15 for accounts of $25,000 or less

Program management fee: 0.50% to 1.50%

Total asset-based expense ratio: 0.28% to 1.99%

NY ABLE

Who can open an account: New York residents who are eligible for disability benefits.

Issued by New York Achieving a Better Life Experience Savings Account Program this ABLE Savings Plan is managed by Ascensus. This plan has target-risk portfolio options and an FDIC-insured checking account through Fifth National Bank.

Account minimum: $25

Subsequent contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $13.75 quarterly

Program management fee: 0.36% to 0.38%

Total asset-based expense ratio: 0.40%

North Carolina

College Foundation, Inc., a North Carolina nonprofit, is sponsoring the 2023 Future So Bright contest for participants with a new or existing NC 529 account to win $1,529. In order to qualify, you must make multiple contributions throughout the month of May. The last day to enter is May 31, 2023.

North Carolina allows 529 plan accounts to have up to $540,000 per beneficiary.

Tax deduction benefits: None

NC 529 Plan

Who can open an account: Anyone in the US

A direct-sold savings plan of Vanguard mutual fund managed by the College Foundation Inc. This plan offers age-based/enrollment year portfolios (including three different risk levels) and static investment portfolio options (including multi-fund portfolios and single-fund options).

Account minimum: $25

Subsequent contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.25%

Total asset-based expense ratio: 0.25% to 0.35%

Morgan Stanley National Advisory 529 Plan

Who can open an account: Anyone in the US

Morgan Stanley Smith Barney LLC manages this advisor-sold saving plan of Morgan Stanley Pathway Funds and 3rd part underlying institutional-caliber fund managers. This plan only offers static investment portfolio options, which range from conservative to aggressive.

Account minimum: $1,000

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.56% to 0.61%

Total asset-based expense ratio: 0.66% to 0.71%

NC ABLE

Who can open an account: Anyone in the US who's eligible for disability benefits

Ascensus manages this ABLE Saving plan offered through the National ABLE Alliance. It invests in mutual funds and ETFs from Schwab, Vanguard, and BlackRock, as well as offers a high-yield saving account through Sallie Mae Bank. This plan offers target-risk portfolios and a checking option.

Account minimum: $25

Subsequent contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $60

Program management fee: 0.32%

Total asset-based expense ratio: 0.34% to 0.37%

North Dakota

Bank of North Dakota is hosting a contest so five North Dakota families can win a $529 contribution toward a College SAVE 529 account. Winners will be randomly drawn in June, but submissions must be received by May 25. 2023.

North Dakota allows 529 plan accounts to have up to $269,000 per beneficiary.

Tax deduction benefits:

• up to $5,000 per year for single filers
• up to $10,000 per year for joint filers

College SAVE (Direct)

Who can open an account: Anyone in the US

A direct-sold savings plan managed by Ascensus invests in Vanguard mutual funds with either an age-based/enrollment year portfolio or a static investment portfolio (includes Aggressive Growth, Moderate Growth, and Conservative Growth options).

Account minimum: $25

Subsequent contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $20 (waived for North Dakota residents and accounts in the New Baby Match, BND Match, and Kindergarten Kickoff Match programs)

Program management fee: 0.44% to 0.46%

Total asset-based expense ratio: 0.48%

College SAVE (Advisor)

Who can open an account: Anyone in the US

An advisor-sold savings plan managed by Ascensus invests in Vanguard mutual funds with either an age-based/enrollment year portfolio or a static investment portfolio option (includes the Vanguard Short-term Reserves Account).

Account minimum: $25

Subsequent contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $20 (waived for North Dakota residents and accounts in the New Baby Match, BND Match, and Kindergarten Kickoff Match programs)

Program management fee: 0.44% to 0.46%

Total asset-based expense ratio: 0.48%

Ohio

Ohio 529 created a 529 Day quiz for participants to learn about college saving and the importance of 529s. It's free to take on their website.

Ohio allows 529 plan accounts to have up to $523,000 per beneficiary, except the ABLE plan which has a lifetime limit of $517,000.

Tax deduction benefits:

• up to $4,000 per year for single filers
• up to $4,000 per year for joint filers

Ohio's 529 Plan, CollegeAdvantage

Who can open an account: Anyone in the US

Ohio Tuition Trust Authority manages this direct-sold savings plan of Vanguard and DFA mutual funds. It also offers certificates of deposit and saving accounts through Fifth Third Bank. This plan offers age-based/enrollment year portfolios and static investment portfolios.

Account minimum: $25 ($500 for the Fifth Third Bank CD option)

Enrollment/application fee: $0

Account maintenance fee: $20

Program management fee: 0.107% (none for Fifth Third Bank option)

Total asset-based expense ratio: 0.145% to 0.435% (none for Fifth Third Bank option)

BlackRock CollegeAdvantage Advisor 529 Savings Plan

Who can open an account: Anyone in the US

BlackRock Advisors manages this advisor-sold savings plan of mutual funds from BlackRock, Voya, Wells Fargo, and iShares ETFs. It offers age-based/enrollment year portfolios (including seven target date investment options) and static investment options (including target-risk options and a money market portfolio option).

Account minimum: $25

Subsequent contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $20

Program management fee: 0.135% to 1.135%

STABLE Account

Who can open an account: Anyone in the US who is eligible for disability benefits

Sumday Administration, LLC manages this ABLE Savings plan, which offers target-risk portfolio options and an FDIC-insured BankSafe option through Fifth Third Bank.

Account minimum: $25

Subsequent contribution limit: $1

Enrollment/application fee: $0

Account maintenance fee: $27

Program management fee: 0.19% for Ohio and partner states (0.45% for all other states)

Total asset-based expense ratio: 0.19% to 0.33% for Ohio and partner states (0.45% to 0.59% for all other states)

Oklahoma

You can earn a $50 bonus when you deposit $50 into an Oklahoma 529 account and set up a recurring contribution of $50 or more between May 22 to June 4.

Oklahoma allows 529 plan accounts to have up to $450,000 per beneficiary.

Tax deduction benefits:

• up to $10,000 per year for single filers
• up to $20,000 per year for joint filers

Oklahoma 529

Who can open an account: Anyone in the US

TIAA-CREF manages this direct-sold saving plan of TIAA-CREF institutional mutual funds. It offers age-based enrollment year portfolio options and static investment options (including multi-fund portfolios, an individual fund portfolio, and a Guaranteed Option).

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.20% (none for the Guaranteed option)

Total asset-based expense ratio: 0.25% to 0.52% (none for the Guaranteed option)

Oklahoma Dream 529 Plan

Who can open an account: Anyone in the US

Fidelity manages this advisor-sold saving plan. It offers age-based/enrollment year portfolios and static investment portfolio options that invest in Fidelity Advisor Funds and Fidelity Series Funds.

Account minimum: $0 ($50 for automatic investing)

Enrollment/application fee: $0

Account maintenance fee: $20 for accounts under $25,000 (waived for automatic investing accounts)

Program management fee: 0.20% minimum

Total asset-based expense ratio: 0.25% to 2.28%

Oklahoma STABLE

Who can open an account: Oklahoma residents eligible to receive disability benefits

Oklahoma teamed up with Ohio to offer this ABLE Savings plan to Oklahoma residents. This plan invests in Vanguard Funds through target-risk portfolio options, as well as provides an FDIC-insured BankSafe option through Fifth Third Bank.

Account minimum: $25

Subsequent contribution limit: $1

Enrollment/application fee: $0

Account maintenance fee: $27

Program management fee: 0.19% for Ohio and partner states (0.45% for all other states)

Total asset-based expense ratio: 0.19% to 0.33%

Oregon

Oregon's Kinder Grad program allows kindergarten-aged kids (ages five to six) to earn an automatic $25 contribution to their Oregon 529 account within three months of opening.

Oregon allows 529 plan accounts to have up to $400,000 per beneficiary.

Tax deduction benefits:

• up to $150 per year for single filers
• up to $300 per year for joint filers

Oregon College Savings Plan

Who can open an account: Anyone in the US

Sumday Administration, LLC manages this direct-sold savings plan mutual funds from various fund families (such as Vanguard, T.Rowe Price, and American Beacon), as well as an FDIC-insured option. It offers age-based/enrollment year portfolio options and static investment portfolio options. Investments made with age-based portfolios are managed by either Dimensional Funds or Vanguard.

Account minimum: $25

Subsequent contribution limit: $25 ($5 per month with automatic investment plan)

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.20%

Total asset-based expense ratio: 0.20% to 0.65%

MFS 529 Savings Plan

Who can open an account: Anyone in the US

Vestwell State Savings, LLC manages this advisor-sold savings plan of MFS mutual funds. This plan offers age-based/enrollment year portfolios and risk-based static investment portfolios.

Account minimum: $250

Enrollment/application fee: $0 (may be subject to sales fee)

Account maintenance fee: $25 (waived for Oregon residents)

Program management fee: 0.00%

Total asset-based expense ratio: 0.62% to 1.19%

Oregon ABLE Savings Plan

Who can open an account: Oregon residents who are eligible for disability benefits

Sumday manages this ABLE savings plan for Oregon residents. This offers target-risk portfolio options and an FDIC-insured Cash option.

Account minimum: $25

Subsequent contribution minimum: $10

Enrollment/application fee: $0

Account maintenance fee: $35

Program management fee: 0.30%

Total asset-based expense ratio: 0.30% to 0.34%

ABLE for All

Who can open an account: Anyone in the US who is eligible for disability benefits

Sumday manages this ABLE Savings plan for all states. It has target-risk portfolio options and an FDIC-insured Cash option.

Account minimum: $25

Subsequent contribution minimum: $10

Enrollment/application fee: $0

Account maintenance fee: $35

Program management fee: 0.30%

Total asset-based expense ratio: 0.30% to 0.34%

Pennsylvania

PA Guaranteed Savings Plan (GSP) is hosting promotions and awards throughout the month of May for PA residents. New accounts opened between May 1 to May 31, 2023, are automatically entered the chance to win up to $5,290 (including one of the 10 regional awards worth $2,529). Pennsylvania residents must contribute at least $10 to enter.

Pennsylvania allows 529 plan accounts to have up to $511,758 per beneficiary.

Tax deduction benefits:

• up to $16,000 per year for single filers
• up to $32,000 per year for joint filers

Pennsylvania 529 Investment Plan

Who can open an account: Anyone in the US

Pennsylvania's Treasury Department teamed up with Ascensus College and Vanguard to manage this direct-sold saving plan. This plan invests in Vanguard mutual funds through age-based/enrollment year portfolio options and static investment options (including multi-fund portfolios and individual-fund portfolios).

Account minimum: $0

Subsequent contribution minimum: $1

Enrollment/application fee: $0

Account maintenance fee: $10 (waived for automatic investing accounts)

Program management fee: 0.19%

Total asset-based expense ratio: 0.205% to 0.305%

Pennsylvania 529 Guaranteed Savings Plan

Who can open an account: Must be a Pennsylvania resident at the time of enrollment

Delaware Investments manages this direct-sold guaranteed savings plan. With this plan, Pennsylvania residents get units that increase in value over time as tuition increases. The current value of each unit is determined by the "Tuition Inflation Rate" for the "Tuition Level" selected by the account owner.

Account minimum: $0

Subsequent contribution minimum: $1

Enrollment/application fee: $0

Account maintenance fee: 0.40% asset-based fee ($4.00 per $1,000)

PA ABLE

Who can open an account: Anyone in the US who is eligible for disability benefits

This plan is offered through the National ABLE Alliance and is managed by Ascencsus. It invests in mutual funds and ETFs from Schwab, Vanguard, and BlackRock. It also offers a high-yield savings account through Sallie Mae Bank and a checking account through Fifth Third Bank.

Account minimum: $25

Subsequent contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $60

Program management fee: 0.28%

Total asset-based expense ratio: 0.30% to 0.34%

Rhode Island

Rhode Island is not currently hosting a webinar, contest, or promotional campaign for 529 Day 2023.

Rhode Island allows 529 plan accounts to have up to $520,000 per beneficiary.

Tax deduction benefits:

• up to $500 per year for single filers
• up to $1,000 per year for joint filers

CollegeBound Saver (Direct-sold)

Who can open an account: Anyone in the US

A direct-sold savings plan managed by Ascensus. This plan invests in mutual funds from Invesco, Schwab, BlackRock, and Vanguard. It has age-based/enrollment year portfolios and static investment portfolios.

Account minimum: $0

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.10% (waived for Rhode Island residents)

Total asset-based expense ratio: 0.12% to 0.41%

CollegeBound 529 (Advisor-sold)

Who can open an account: Anyone in the US

Ascensus and Invesco Advisors manage this advisor-sold saving plan of Invesco mutual funds and ETFs. It offers age-based/ enrollment year portfolios and static investment portfolios (including target-risk options).

Account minimum: $0

Enrollment/application fee: $0 (may be subject to sales fee)

Account maintenance fee: $20 for accounts under $25,000 (waived for Rhode Island residents)

Program management fee: 0.14% to 1.14%

Total asset-based expense ratio: 0.19% to 2.01%

RI's ABLE

Who can open an account: Anyone in the US who is eligible for disability benefits

The National ABLE Alliance offers this ABLE Saving plan and is managed by Ascensus. It invests in mutual funds and ETFs from Vanguard, Schwab, and BlackRock. Plus, it offers a high-yield savings account through Sallie Mae Bank. This plan offers target-risk portfolios and a bank money market investment option.

Account minimum: $25

Subsequent contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $60

Program management fee: 0.32% (none for the checking option)

Total asset-based expense ratio: 0.34% to 0.37%

South Carolina

Future Scholar 529 College Savings Plan is granting $529 to South Carolina families with babies born on May 29, 2023. A grant application must be filled out by August 31, 2023, to receive the Palmettobaby grant.

South Carolina allows 529 plan accounts to have up to $540,000 per beneficiary.

Tax deduction benefits: None

Future Scholar 529 College Savings Plan Direct-sold

Who can open an account: Must be a South Carolina resident at the time of enrollment

A direct-sold savings plan managed by Columbia Management Investment Advisors. This plan invests in Vanguard and Columbia mutual funds, iShares, and a BB&T bank deposit account through age-based/enrollment year portfolios or static investment portfolios (including a short-term bond fund, a money market fund, and a bank deposit account).

Account minimum: $0

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.00%

Total asset-based expense ratio: 0.00% to 0.25%

Future Scholar 529 College Savings Plan (Advisor-sold)

Who can open an account: Anyone in the US

An advisor-sold savings plan of actively-managed mutual funds and ETFs from Columbia Management Dimensional Fund Advisors, and other firms. This plan offers age-based/enrollment year portfolio options and static options.

Account minimum: $100

Subsequent contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $25 for accounts with less than $10,000 (waived for South Carolina residents and automatic accounts)

Program management fee: 0.25% to 1.25%

Total asset-based expense ratio: 0.20% to 2.35%

Palmetto ABLE Savings Program

Who can open an account: South Carolina residents who are eligible for disability benefits

South Carolina teamed up with Ohio for the ABLE Savings plan. Marquette Associates manages the account's investments, which include options from The Vanguard Group and Fifth Third Bank. This plan has target-risk portfolio options and an FDIC-insured BankSafe option through Fifth Third Bank.

Account minimum: $25

Subsequent contribution minimum: $1

Enrollment/application fee: $0

Account maintenance fee: $39

Program management fee: 0.19%

Total asset-based expense ratio: 0.19% to 0.33%

South Dakota

The state is not currently promoting a social media campaign, webinar, or contest for 529 Day 2023.

South Dakota allows 529 plan accounts to have up to $350,000 per beneficiary.

Tax deduction benefits: None

CollegeAccess 529 (Direct-sold)

Who can open an account: Must be a South Dakota resident at the time of enrollment

VP Distrubtoirs LLC manages this direct-sold savings plan, which invests in Virtus Investment Partners, DFA, American Funds, and more. It has target-risk/enrollment year portfolios and static investment portfolios (including a multi-fund portfolio called the Diversified Bond Portfolio).

Account minimum: $240

Subsequent contribution minimum: $50

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.00%

Total asset-based expense ratio: 0.37% to 0.89%

CollegeAccess 529 (Advisor-sold)

Who can open an account: Anyone in the US

VP Distrubtoirs LLC manages this advisor-sold saving plan of mutual funds from Virtus Investment Partners, American Funds, Morgan Stanley, and more. It offers age-based/enrollment year portfolios and static investment portfolios (including multi-fund options).

Account minimum: $1,000

Subsequent contribution minimum: $50

Enrollment/application fee: $0

Account maintenance fee: $20 for accounts under $20,000 (waived for automatic investing accounts and South Dakota residents)

Program management fee: 0.25% to 1.35% (waived for South Dakota residents)

Total asset-based expense ratio: 0.34% to 2.24%

Tennessee

TNStars College Savings 529 Program is partnering with Upromise to provide members with cash-back rewards on everyday activities like grocery shopping, dining, and more. Once you earn at least $50 in rewards, your rewards can be automatically deposited into a TNStars College Savings account.

You can also earn a bonus of $5.29 when you open a new Upromise account, plus a $25 bonus when you link your account to a TNStars College Savings account.

Tennessee allows 529 plan accounts to have up to $350,000 per beneficiary.

Tax deduction benefits: None

TNStars College Savings 529 Program

Who can open an account: Anyone in the US

The state of Tennessee Department of Treasury manages this direct-sold savings plan, which invests in mutual funds from Vanguard, DoubleLine, Western Asset, and Primecap. This plan has age-based/enrollment year portfolios and static investment portfolios.

Account minimum: $25

Subsequent contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.20%

Total asset-based expense ratio: 0.23% to 0.85%

ABLE TN

Who can open an account: Anyone in the US who is eligible for disability benefits

Tennessee Treasury Department administers and manages this ABLE Saving plan, which invests in offerings from Vanguard, DFA, Western Asset, and more. It has target-risk portfolios and a bank money market/checking option.

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.20%

Total asset-based expense ratio: 0.23% to 0.85%

Texas

In 2023, Texas is not hosting a contest, sweepstakes, or informational webinar for 529 Day.

Texas allows 529 plan accounts to have up to $500,000 per beneficiary.

Tax deduction benefits: None

Texas College Savings Plan

Who can open an account: Anyone in the US

A direct-sold saving plan managed by Orion Advisor Solutions, Inc. invests in mutual funds and investment strategies by DFA, Vanguard, Eaton Vance, Federated Hermes, and New York Life. It offers age-based/enrollment year portfolios and static investment portfolios.

Account minimum: $25 ($15 for automatic accounts)

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.25%

Total asset-based expense ratio: 0.31% to 0.5215%

Texas Tuition Promise Fund

Who can open an account: Must be a Texas resident at the time of enrollment

A direct-sold prepaid plan for Texas families to pay tuition and other mandatory fees at Texas public institutions. It currently offers three unit types: Type I (Texas 4-year public), Type II (4-year public), and Type III (Texas 2-year public).

Account minimum: $15

Enrollment/application fee: $25

Unit prices:

• Type I (Texas 4-year public): $164.12
• Type II (4-year public): $112.59
• Type III (Texas 2-year public): $29.15

LoneStar 529 Plan

Who can open an account: Anyone in the US

Orion Advisor Solutions, Inc. manages this advisor-sold savings plan of investments from Artisan, Baird, DFA, T.Rowe Price, Vanguard, and more. It has age-based/enrollment year portfolios and static investment portfolios.

Account minimum: $25 ($15 for automated accounts)

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.59%

Total asset-based expense ratio: 0.34% to 1.75%

Texas ABLE

Who can open an account: Must be a Texas resident and be eligible for disability benefits

Orion Advisor Solutions manages this ABLE Savings plan, which offers target-risk portfolios (including aggressive, moderate, and moderately conservative) and an FDIC-insured bank savings account through Bank of the West.

Account minimum: $50

Subsequent contribution minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $48

Program management fee: 0.25%

Total asset-based expense ratio: 0.25% to 0.65%

Utah

During the month of May, Utah residents who open a new my529 and contribute at least $25 can get a match of up to $25 on June 7, 2023. Account owners can also earn an additional $15 when they set up scheduled monthly contributions for six consecutive months.

Utah allows 529 plan accounts to have up to $540,000 per beneficiary.

Tax deduction benefits:

• up to $105 per year for single filers
• up to $210 per year for joint filers

my529

Who can open an account: Anyone in the US

Utah Higher Education Assistance Authority manages this direct-sold savings plan consisting of Vanguard and Dimensional mutual funds, as well as the PIMCO Interest Income Fund and an FDIC-insured account through Sallie Mae Bank and US Bank. This plan offers age-based/enrollment year portfolios and static investment portfolios.

Account minimum: $0

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.10% to 0.14%

Total asset-based expense ratio: 0.140% to 0.463%

ABLE Utah

Who can open an account: Utah residents who are eligible for disability benefits

Utah and Ohio partnered up to offer this ABLE Savings plan. Sumday manages this account of Vanguard and Fifth Third Bank investment options. This plan has target-risk options and a bank money market /checking option.

Account minimum: $25

Subsequent contribution minimum: $1

Enrollment/application fee: $0

Account maintenance fee: $39

Program management fee: 0.19%

Total asset-based expense ratio: 0.19% to 0.33%

Vermont

Vermont Student Assistance Corporation partnered with the Vermont Association of Hospitals and Health Systems to grant Vermont babies born on May 29, 2023, a $100 deposit toward a VY529 account.

Vermont is also hosting a contest for one individual (must be at least 13 years old) to win $529 toward a college saving account. The deadline to sign up is June 16, 2023. The winner will be randomly selected on June 30.

Vermont allows 529 plan accounts to have up to $550,000 per beneficiary, except for the ABLE Savings plan, which has a lifetime limit of $501,000 per beneficiary.

Tax deduction benefits:

• up to $250 per year for single filers
• up to $500 per year for joint filers

Vermont Higher Education Investment Plan

Who can open an account: Anyone in the US

Intuition College Savings Solution, LLC manages this direct-sold savings plan of underlying mutual funds from TIAA, DFA, Vanguard, and other firms. It offers age-based/enrollment year portfolios and static investment portfolios (including multi-fund options).

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $25 (waived for accounts with electronic delivery)

Program management fee: 0.27% to 0/30%

Total asset-based expense ratio: 0.39% (none for Principal Plus Interest Option)

Vermont ABLE

Who can open an account: Vermont residents who are eligible for disability benefits

Intuition ABLE Solutions manages this ABLE Savings plan, with Marquette Associates as the investment manager. The Vanguard Group and Fifth Third Bank provide investment options through target-risk portfolios or an FDIC-insured BankSafe option.

Account minimum: $0 ($50 for automatic investing)

Subsequent contribution minimum: $1

Enrollment/application fee: $0

Account maintenance fee: $39

Program management fee: 0.19%

Total asset-based expense ratio: 0.19% to 0.33%

Virginia

Virgina529 celebrates 529 Day by granting new account owners $50 when they open their account before May 31, 2023. But to be eligible, you must deposit at least $50 initially into your account.

Virginia allows 529 plan accounts to have up to $550,000 per beneficiary.

Tax deduction benefits:

• up to $4,000 per year for single filers
• up to $4,000 per year for joint filers

Invest529

Who can open an account: Anyone in the US

Virgina529 Board and its CEO manage this direct-sold saving plan of mutual funds from a large selection of investment firms. This plan has age-based/enrollment year portfolios (including Target Enrollment Portfolios) and static investment portfolios (including an Invesco stable value option, an FDIC-insured savings option, portfolios that invest in Vanguard funds, an ESG Core Equity Portfolio, a Tuition Track Portfolio, and more).

Account minimum: $10

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.049% (none for FDIC-insured option or Tuition Track option)

Total asset-based expense ratio: 0.00% to 0.569%

CollegeAmerica

Who can open an account: Anyone in the US

American Funds Service Company, Capital Research and Management Company, and American Funds Distrubtor manage this advisor-sold saving plan that invests in American Funds mutual funds. This plan offers age-based/enrollment year portfolios (including Target-Based options) and static investment portfolios (including multi-fund options and a US Government Money Market Fund option).

Account minimum: $250 ($1,000 for US Government Money Market option)

Subsequent contribution minimum: $50

Contribution minimum: $25 (only applies to employer-sponsored programs)

Enrollment/application fee: $0 (may charge a sales fee)

Account maintenance fee: $0

Program management fee: $0.16% to 1.65%

Total asset-based expense ratio: 0.27% to 1.96%

ABLEnow

Who can open an account: Anyone in the US who is eligible for disability benefits

Virginia College Savings Plan manages this ABLE Savings plan of underlying mutual funds from Fidelity and Vanguard, as well as a PNC Bank-maintained deposit account. It offers target-risk portfolios and a money market investment option.

Account minimum: $0

Enrollment/application fee: $0

Account maintenance fee: $3.25/monthly

Program management fee: 0.10% to 0.15%

Total asset-based expense ratio: 0.36% to 0.39%

Washington

Washington College Savings Plan is hosting it's second annual "What's Your Dream Job" Art Contest for K-12 Washington students. One winner will be chosen from each grade and will win a new Apple or Microsoft tablet. Winners will be announced on 529 Day.

Washington allows 529 plan accounts to have up to $500,000 per beneficiary.

Tax deduction benefits: None

DreamAhead College Investment Plan

Who can open an account: Anyone in the US

A direct-sold saving plan that is managed by Vestwell and Sumday. This plan invests in seven static investment options through age-based/enrollment year portfolios (including conservative, moderate, and growth options).

Account minimum: $25

Subsequent contribution minimum: $5

Enrollment/application fee: $0

Account maintenance fee: $30

Program management fee: 0.22%

Total asset-based expense ratio: 0.25% to 0.32%

Guaranteed Education Tuition

Who can open an account: Must be a Washington resident at the time of enrollment

Washington Student Achievement Council manages this direct-sold prepaid unit/guaranteed savings plan. This plan sells units for families to use toward higher education costs in the future.

Account minimum: $116.63 per unit

Enrollment/application fee: $50 (none when enrolled online)

Washington State ABLE Savings Plan

Who can open an account: Washington residents who are eligible for disability benefits

Sumday manages this ABLE Savings plan through target-risk portfolios (including ABLE Conservative, ABLE Moderate, and ABLE Aggressive) and an FDIC-insured Cash Option through The Bank of New York Mellon.

Account minimum: $25

Subsequent contribution minimum: $10

Enrollment/application fee: $0

Account maintenance fee: $35

Program management fee: 0.30%

Total asset-based expense ratio: 0.30% to 0.3702%

West Virginia

West Virginia's SMART529 plan is hosting the sixteenth annual "When I Grow Up" essay contest, where fifteen students win a $500 savings account and an additional $4,500.

West Virginia allows 529 plan accounts to have up to $550,000 per beneficiary.

Tax deduction benefits: None

SMART529 WV Direct College Savings Plan

Who can open an account: Must be a West Virginia resident

Hartford Funds Management manages these direct-sold savings plans Vanguard mutual funds and Invesco Stable Value portfolio. This plan has age-based/enrollment year portfolios and static investment portfolios (including multi-fund options, the SMART529 Stable Value portfolio, and the SMART529 500 Index Fund).

Account minimum: $250 ($50 for West Virginia residents)

Subsequent contribution minimum: $25 (none for West Virginia residents)

Enrollment/application fee: $0

Account maintenance fee: $25 (waived for West Virginia residents, automatic programs, and accounts over $25,000)

Program management fee: 0.40%

Total asset-based expense ratio: 0.52% to 0.62%

SMART529 Select

Who can open an account: Anyone in the US

Hartford Funds manages this direct-sold savings plan, which utilizes Dimensional Fund Advisors mutual funds. This plan has age-based/enrollment year portfolios and static investment portfolios (including multi-fund options with a variety of risk tolerances).

Account minimum: $250 ($50 for West Virginia residents)

Subsequent contribution minimum: $25 (none for West Virginia residents)

Enrollment/application fee: $0

Account maintenance fee: $25 (waived for West Virginia residents, automatic programs, and accounts over $25,000)

Program management fee: 0.40%

Total asset-based expense ratio: 0.52% to 0.62%

The Hartford SMART529

Who can open an account: Anyone in the US

Hartford Funds manages this advisor-sold savings plan, which invests in Hartford Funds, iShares, and MFS mutual funds and Invesco Stable Value portfolio. It offers age-based/enrollment year portfolios and static investment portfolios (including multi-fund options, individual-fund options, and a stable value portfolio option).

Account minimum: $250 ($50 for West Virginia residents)

Subsequent contribution minimum: $25 (none for West Virginia residents)

Enrollment/application fee: $0

Account maintenance fee: $25 (waived for West Virginia residents, automatic programs, and accounts over $25,000)

Program management fee: 0.15% to 1.56%

Total asset-based expense ratio: 0.28% to 2.04%

WV ABLE

Who can open an account: West Virginia residents who are eligible for disability benefits

West Virginia partners up with Ohio to create this ABLE Savings plan, which provides investment options from Vanguard and Fifth Third Bank. It offers target-risk portfolios and an FDIC-insured BankSafe option through Fifth Third Bank's BankSafe Product.

Account minimum: $25

Subsequent contribution minimum: $1

Enrollment/application fee: $0

Account maintenance fee: $39

Program management fee: 0.19%

Total asset-based expense ratio: 0.19% to 0.33%

Wisconsin

Edvest College Savings Plan is hosting a contest for residents to win up to a $100 bonus between May 22 to May 31. You can also earn $50 when you deposit $250 into a 529 savings account and set up monthly contributions of $50 or more. If you deposit $500 and set up monthly contributions of $50, you can get $100 (offer ends November 30, 2023).

Wisconsin allows 529 plan accounts to have up to $545,000 per beneficiary.

Tax deduction benefits:

• up to $3,860 per year for single filers
• up to $3,860 per year for joint filers

Edvest

Who can open an account: Anyone in the US

TIAA-CREF manages this direct-sold savings plan, which provides mutual funds from T.Rowe Price, TIAA-CREF, DFA, and MetWest. This plan offers age-based/enrollment year portfolios and static investment portfolios, including multi-fund options, individual-fund options, a bank CD Portfolio, and a guaranteed option with an annual interest rate of 1% to 3%.

Account minimum: $25

Enrollment/application fee: $0

Account maintenance fee: $0

Program management fee: 0.06%

Total asset-based expense ratio: 0.10% to 0.33% (none for Principal Plus Interest option)

Tomorrow's Scholar 529 Plan

Who can open an account: Anyone in the US

Voya manages this advisor-sold savings plan, which provides mutual funds from a wide range of investment firms. It offers age-based/enrollment year portfolios and static investment portfolios, including multi-fund options with different risk levels, and single fund options.

Account minimum: $250

Enrollment/application fee: $0

Account maintenance fee: $25 for accounts under $25,000 (waived for automatic investing accounts with $25 monthly deposits and Wisconsin residents)

Program management fee: 0.18% to 1.13%

Total asset-based expense ratio: 0.18% to 2.13%

Wyoming

Unfortunately, Wyoming does not currently offer a state-sanctioned 529 plan. But it does offer an ABLE Savings plan.

Wyoming allows ABLE Savings plan accounts to have up to $501,000 per beneficiary.

Tax deduction benefits: None

WY ABLE

Who can open an account: Wyoming residents who are eligible for disability benefits

Wyoming teamed up with Ohio to offer this STABLE Account Plan with Marquette Associates as the Investment Advisor. The Vanguard Group and Fifth Third Bank provide investment options through target-risk portfolios and an FDIC-insured BankSafe Option.

Account minimum: $25

Subsequent contribution minimum: $1

Enrollment/application fee: $0

Account maintenance fee: $39

Program management fee: 0.19%

Total asset-based expense ratio: 0.19% to 0.33%