529 College Savings Plans by State

Illustration for 529 Plan Basics

Picking the best 529 plan for your loved one is a big decision that could ultimately determine their level of student debt, so it’s important to know your options before deciding. To make that decision easier, the team at Sootchy has laid out the various college savings plans at your disposal and provided some details that can help distinguish one plan from another. Continue reading for more on how to navigate this guide and to find out what each state has in store.

What 529 College Savings Plans Are Included?

The list below encompasses every 529 education savings plan and prepaid tuition plan the states have to offer, but it does not cover ABLE accounts – also known as 529A accounts – which are generally handled separately from the other two types of 529 plans. ABLE accounts are used to help Americans with disabilities cover a variety of costs, including education-related expenses, healthcare costs, housing and other essentials.

Category Key

In an effort to highlight the differences between the various 529 plans out there – and, hopefully, help you find the one that’s right for you – the Sootchy team has broken down the details of each plan into the following categories:

Plan Type: The first category simply states whether the entry is an education savings plan or prepaid tuition plan.

Direct- or Advisor-Sold: Some plans are available directly from the state that administers them, while others are handled by financial advisors. Direct-sold plans tend to have lower fees, while advisor-sold plans offer benefits like professional investment advice in return for higher costs.

Plan Manager: This category specifies the business entity that manages investments for a particular plan.

Residency Requirement: Most 529 plans are open to residents of every state, but a few limit enrollment to local residents – typically prepaid tuition plans.

Minimum Contributions: Some 529 plans require contributions to meet a certain dollar threshold or be deposited at regular intervals.

Maximum Contributions: Each plan has a rule preventing contributions after an account has grown past a certain balance.

Age-Based Investment Options: Investment options – usually sorted by level of risk – that shift from more aggressive investments when the beneficiary is young to more conservative ones as college approaches.

Static Investment Options: Investment options that are set by the account owner and remain constant until the owner makes a change.

State Taxation: Most states exempt qualified distributions from 529 plans when calculating state income tax, but a few do not.

Credit or Deduction: Many states offer income tax deductions or credits for contributions to a 529 plan, though they also impose their own restrictions.

Total Fees: The amount you’re charged for a 529 plan can change based on asset allocation and a variety of other factors, potentially limiting your earnings in the process. We give the full range of possible fees with a given plan, from the absolute lowest to the very highest.

Alabama 529 Plans

CollegeCounts 529 Fund

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Union Bank & Trust Company – UBT 529 Services

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $475,000 per beneficiary

Age-Based Investment Options: Three categories (Aggressive, Conservative, and Moderate) with nine portfolios per category

Static Investment Options: Six multi-fund and 26 individual-fund portfolios

State Taxation: Only Alabama plans are exempt from state income tax.

Credit or Deduction: Deduction of up to $5,000 per person for contributions to an Alabama plan

Total Fees: 0.17% – 0.8%

CollegeCounts 529 Fund Advisor Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Union Bank & Trust Company – UBT 529 Services

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $475,000 per beneficiary

Age-Based Investment Options: Three categories (Aggressive, Conservative, and Moderate) with nine portfolios per category

Static Investment Options: Six multi-fund and 24 individual-fund portfolios

State Taxation: Only Alabama plans are exempt from state income tax.

Credit or Deduction: Deduction of up to $5,000 per person for contributions to an Alabama plan

Total Fees: 0.21% – 1.73%; $12 annual fee for non-Alabama residents

Alaska 529 Plans

Alaska 529

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: T. Rowe Price Associates, Inc.

Residency Requirement: None

Minimum Contributions: $25, both initially and subsequently

Maximum Contributions: $475,000

Age-Based Investment Options: Eight portfolios ranging from 20% equity to 80% equity

Static Investment Options: Six portfolios, including the University of Alaska portfolio, which guarantees returns equal to the rate of tuition increases for future UA students

State Taxation: None, as Alaska has no income tax for individuals

Credit or Deduction: None, for the above reason

Total Fees: 0.28% – 0.69%

T. Rowe Price College Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: T. Rowe Price Associates, Inc.

Residency Requirement: None

Minimum Contributions: $250 initially, $50 for subsequent contributions

Maximum Contributions: $475,000

Age-Based Investment Options: Eight portfolios ranging from 20% equity to 80% equity

Static Investment Options: Five portfolios; University of Alaska portfolio not available

State Taxation: None, as Alaska has no income tax for individuals

Credit or Deduction: None, for the above reason

Total Fees: 0.35% – 0.69%

John Hancock Freedom 529

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: T. Rowe Price Associates, Inc.

Residency Requirement: None

Minimum Contributions: $250 per portfolio initially, $50 per portfolio subsequently

Maximum Contributions: $475,000

Age-Based Investment Options: Six portfolios ranging from 20% equity to 80% equity

Static Investment Options: 16 portfolios

State Taxation: None, as Alaska has no income tax for individuals

Credit or Deduction: None, for the above reason

Total Fees: 0.64% - 2.23%; $15 annual fee, with exceptions

Arizona 529 Plans

Arizona Family College Savings Program

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: NexBank – College Savings Bank

Residency Requirement: None

Minimum Contributions: $250 initially, then $25 per month (per pay period if you opt for automatic payroll deductions)

Maximum Contributions: $505,000

Age-Based Investment Options: None

Static Investment Options: Fixed-rate certificates of deposit; $250 minimum per CD

State Taxation: All qualified distributions are exempt from Arizona state income tax.

Credit or Deduction: Deduction of up to $2,000 per person for contributions to any 529 plan

Total Fees: None

Fidelity Arizona College Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: NexBank – College Savings Bank

Residency Requirement: None

Minimum Contributions: No minimum to open a plan; automatic investments require at least $15 each month or $45 each quarter

Maximum Contributions: $505,000

Age-Based Investment Options: Three portfolios

Static Investment Options: 12 portfolios

State Taxation: All qualified distributions are exempt from Arizona state income tax.

Credit or Deduction: Deduction of up to $2,000 per person for contributions to any 529 plan

Total Fees: 0.11% - 0.99%

Ivy InvestEd 529 Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Ivy Distributors, Inc.

Residency Requirement: None

Minimum Contributions: $250 initially, no minimum for subsequent contributions

Maximum Contributions: $494,000

Age-Based Investment Options: 10 portfolios

Static Investment Options: 29 individual-fund portfolios

State Taxation: All qualified distributions are exempt from Arizona state income tax.

Credit or Deduction: Deduction of up to $2,000 per person for contributions to any 529 plan

Total Fees: 0.49% - 1.31% (depending on the portfolio)

Arkansas 529 Plans

GIFT529 College Investing Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Ascensus College Savings and The Vanguard Group

Residency Requirement: None

Minimum Contributions: $25 initially, $10 subsequently

Maximum Contributions: $366,000

Age-Based Investment Options: Three categories based on level of risk with nine portfolios per category

Static Investment Options: Seven portfolios

State Taxation: No tax on qualified distributions from any 529 plan

Credit or Deduction: Deduction of $5,000 for contributions to Arkansas plan; deduction of $3,000 for non-Arkansas plans

Total Fees: 0.39% - 0.53%; $20 annual fee for non-Arkansas residents

iShares 529 Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Ascensus Broker Dealer Services, Inc.

Residency Requirement: None

Minimum Contributions: $500 initially, $50 subsequently

Maximum Contributions: $366,000

Age-Based Investment Options: Seven portfolios

Static Investment Options: 21 portfolios, one savings option

State Taxation: No tax on qualified distributions from any 529 plan

Credit or Deduction: Deduction of $5,000 for contributions to Arkansas plan; deduction of $3,000 for non-Arkansas plans

Total Fees: 0.35% - 1.44%; $10 annual fee for accounts with less than $20,000

California 529 Plan

ScholarShare 529

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: TIAA-CREF Tuition Financing, Inc.

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $529,000

Age-Based Investment Options: Two portfolios (actively managed mutual funds or index mutual funds)

Static Investment Options: 17 portfolios

State Taxation: No income tax on qualified distributions from any state’s 529 plan

Credit or Deduction: None

Total Fees: 0.06% - 0.53%; no fees for Principal Plus Interest option

Colorado 529 Plans

CollegeInvest Direct Portfolio College Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Ascensus Broker Dealer Services, Inc. with The Vanguard Group, Inc.

Residency Requirement: None

Minimum Contributions: $25 initially, $15 subsequently

Maximum Contributions: $400,000

Age-Based Investment Options: Three classes of risk with nine portfolios each

Static Investment Options: Eight portfolios

State Taxation: No state tax on qualified distributions from any 529 plan

Credit or Deduction: No limit for contributions to Colorado 529 plans; tax credit available for employers

Total Fees: 0.32%; $20 annual fee, with exceptions

CollegeInvest Smart Choice College Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: FirstBank Holding Company

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $400,000

Age-Based Investment Options: None

Static Investment Options: Two portfolios

State Taxation: No state tax on qualified distributions from any 529 plan

Credit or Deduction: No limit for contributions to Colorado 529 plans; tax credit available for employers

Total Fees: None

CollegeInvest Stable Value Plus College Savings Program

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Nationwide Mutual Insurance Company

Residency Requirement: None

Minimum Contributions: $25 initially, $15 subsequently

Maximum Contributions: $400,000

Age-Based Investment Options: None

Static Investment Options: One portfolio

State Taxation: No state tax on qualified distributions from any 529 plan

Credit or Deduction: No limit for contributions to Colorado 529 plans; tax credit available for employers

Total Fees: 0.99%

Scholars Choice College Savings Program

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: QS Investors, LLC; Legg Mason Investor Services, LLC

Residency Requirement: None

Minimum Contributions: $250 initially, $50 subsequently

Maximum Contributions: $400,000

Age-Based Investment Options: Seven portfolios

Static Investment Options: 11 portfolios

State Taxation: No state tax on qualified distributions from any 529 plan

Credit or Deduction: No limit for contributions to Colorado 529 plans; tax credit available for employers

Total Fees: 0.61% - 2.07%; $20 annual fee, with exceptions

Connecticut 529 Plans

Connecticut Higher Education Trust (CHET) (Direct)

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: TIAA-CREF Tuition Financing, Inc.

Residency Requirement: None

Minimum Contributions: $25 generally; $15 per pay period with automatic payroll deductions

Maximum Contributions: $300,000

Age-Based Investment Options: Three categories with nine portfolios each

Static Investment Options: Nine portfolios

State Taxation: Qualified distributions from any 529 plan are free from state income tax; nonqualified distributions from Connecticut plans exempt if made to beneficiary

Credit or Deduction: Deduction of up to $5,000 per person for contributions to a Connecticut 529 plan

Total Fees: 0.14% - 0.98% generally; no fees with Principal Plus Interest option

Connecticut Higher Education Trust (CHET) (Advisor)

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Hartford Funds Management Company, LLC

Residency Requirement: None

Minimum Contributions: $50 initially; $25 subsequently

Maximum Contributions: $300,000

Age-Based Investment Options: Nine portfolios

Static Investment Options: 16 portfolios

State Taxation: Qualified distributions from any 529 plan are free from state income tax; nonqualified distributions from Connecticut plans exempt if made to beneficiary

Credit or Deduction: Deduction of up to $5,000 per person for contributions to a Connecticut 529 plan

Total Fees: 0.4% - 1.94%

Delaware 529 Plan

Delaware College Investment Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Fidelity Investments

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $350,000

Age-Based Investment Options: Three portfolios

Static Investment Options: 12 portfolios

State Taxation: All 529 plans exempt from Delaware state income tax

Credit or Deduction: None

Total Fees: 0.11% - 0.99%

Florida 529 Plans

Florida 529 Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Florida Prepaid College Board

Residency Requirement: Beneficiaries must be Florida residents

Minimum Contributions: None

Maximum Contributions: $418,000

Age-Based Investment Options: One portfolio

Static Investment Options: 13 portfolios

State Taxation: No state income tax

Credit or Deduction: None, for the above reason

Total Fees: 0.02% - 0.61%

Stanley G. Tate Florida Prepaid College Plan

Plan Type: Prepaid tuition plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: None

Residency Requirement: Beneficiary or guardian must be a Florida resident for at least one year before enrolling

Minimum Contributions: Varies by plan

Maximum Contributions: N/A

Age-Based Investment Options: N/A

Static Investment Options: N/A

State Taxation: No state income tax

Credit or Deduction: None, for the above reason

Total Fees: $50 enrollment fee

Georgia 529 Plan

Path2College 529 Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: TIAA-CREF Tuition Financing, Inc.

Residency Requirement: None

Minimum Contributions: $25 generally; no minimum for payroll deductions

Maximum Contributions: $235,000

Age-Based Investment Options: Two categories with nine portfolios each

Static Investment Options: Six portfolios

State Taxation: All 529 plans exempt from Georgia state income tax

Credit or Deduction: Deduction of up to $4,000 (per beneficiary) for contributions to Georgia’s 529 plan

Total Fees: 0.18% - 0.31%; no fees with the Guaranteed option

Hawaii 529 Plan

HI529 – Hawaii’s College Savings Program

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Ascensus College Savings and The Vanguard Group

Residency Requirement: None

Minimum Contributions: $15

Maximum Contributions: $305,000

Age-Based Investment Options: Eight portfolios

Static Investment Options: Eight portfolios

State Taxation: All 529 plans exempt from state tax

Credit or Deduction: None

Total Fees: 0.58% - 0.66%; $20 yearly fee for non-Hawaii residents

Idaho 529 Plan

IDeal – Idaho College Savings Program

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Ascensus College Savings

Residency Requirement: None

Minimum Contributions: $25 generally; $15 per pay period with automatic payroll deductions

Maximum Contributions: $500,000

Age-Based Investment Options: Three categories, with eight portfolios in each

Static Investment Options: Seven portfolios

State Taxation: All 529 plans exempt from state income tax

Credit or Deduction: Deduction of up to $6,000 for contributions to Idaho’s 529 plan

Total Fees: 0.34% - 0.49%; $20 annual fee for non-Idaho residents

Illinois 529 Plans

College Illinois! 529 Prepaid Tuition Program

Plan Type: Prepaid tuition plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: N/A

Residency Requirement: Beneficiary or account owner must have been a resident of Illinois for one year before enrolling

Minimum Contributions: Varies by plan

Maximum Contributions: N/A

Age-Based Investment Options: N/A

Static Investment Options: N/A

State Taxation: Illinois 529 plans exempt from state tax; non-Illinois plans exempt if certain requirements are met

Credit or Deduction: Deduction of up to $10,000 for contributions to an Illinois 529 plan

Total Fees: None

Bright Directions Advisor-Guided 529 College Savings

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Union Bank & Trust Company

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $450,000

Age-Based Investment Options: Three categories with nine portfolios each

Static Investment Options: 41 portfolios; 15 additional portfolios for some account owners

State Taxation: Illinois 529 plans exempt from state tax; non-Illinois plans exempt if certain requirements are met

Credit or Deduction: Deduction of up to $10,000 for contributions to an Illinois 529 plan

Total Fees: 0.20% - 1.82%

Bright Start 529 Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Union Bank & Trust Company

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $450,000

Age-Based Investment Options: Two categories with nine portfolios each

Static Investment Options: 22 portfolios

State Taxation: Illinois 529 plans exempt from state tax; non-Illinois plans exempt if certain requirements are met

Credit or Deduction: Deduction of up to $10,000 for contributions to an Illinois 529 plan

Total Fees: 0.10% - 0.81%

Indiana 529 Plans

CollegeChoice 529 Direct Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Ascensus College Savings

Residency Requirement: None

Minimum Contributions: $10

Maximum Contributions: $450,000

Age-Based Investment Options: Seven portfolios

Static Investment Options: Seven portfolios

State Taxation: All 529 plans exempt from Indiana state income tax

Credit or Deduction: 20% tax credit on a maximum of $5,000 in contributions to an Indiana 529 plan

Total Fees: 0.14% - 0.77%; $20 yearly fee, with exceptions

CollegeChoice Advisor 529 Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Ascensus College Savings

Residency Requirement: None

Minimum Contributions: $25

Maximum Contributions: $450,000

Age-Based Investment Options: Seven portfolios

Static Investment Options: 14 options

State Taxation: All 529 plans exempt from Indiana state income tax

Credit or Deduction: 20% tax credit on a maximum of $5,000 in contributions to an Indiana 529 plan

Total Fees: 0.31% - 2.22%; $20 annual fee, with exceptions

CollegeChoice CD 529 Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: NexBank – College Savings Bank

Residency Requirement: None

Minimum Contributions: $250 initially, $25 subsequently

Maximum Contributions: $450,000

Age-Based Investment Options: None

Static Investment Options: Fixed-rate certificates of deposit

State Taxation: All 529 plans exempt from Indiana state income tax

Credit or Deduction: 20% tax credit on a maximum of $5,000 in contributions to an Indiana 529 plan

Total Fees: None

Iowa 529 Plans

College Savings Iowa

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Iowa State Treasurer, with The Vanguard Group and Ascensus College Savings

Residency Requirement: None

Minimum Contributions: $25 generally; $15 per pay period with automated payroll deductions

Maximum Contributions: $420,000

Age-Based Investment Options: Four categories with nine portfolios each

Static Investment Options: 10 portfolios

State Taxation: All 529 plans exempt from Iowa state tax

Credit or Deduction: Deductions for up to $3,439 (per beneficiary) toward Iowa 529 plans; adjusts for inflation each year

Total Fees: 0.2%

IAdvisor 529 Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Voya Investment Management Co., LLC

Residency Requirement: None

Minimum Contributions: $250 per investment initially; $50 per investment subsequently

Maximum Contributions: $420,000

Age-Based Investment Options: Five portfolios

Static Investment Options: 16 portfolios

State Taxation: All 529 plans exempt from Iowa state tax

Credit or Deduction: Deductions for up to $3,439 (per beneficiary) toward Iowa 529 plans; adjusts for inflation each year

Total Fees: 0.83% - 2.36%; $25 annual fee, with exceptions

Kansas 529 Plans

Learning Quest 529 Education Savings Program

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: American Century Investment Management, Inc.

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $435,000

Age-Based Investment Options: Three categories with eight portfolios each

Static Investment Options: 13 portfolios

State Taxation: All 529 plans exempt from Kansas state income tax

Credit or Deduction: Deduction of up to $3,000 (per beneficiary) for contributions to any 529 plan

Total Fees: 0.1% - 0.77%

Learning Quest Advisor

Plan Type: Education Savings Plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: American Century Investment Management, Inc.

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $435,000

Age-Based Investment Options: Three categories with eight portfolios each

Static Investment Options: 20 options

State Taxation: All 529 plans exempt from Kansas state income tax

Credit or Deduction: Deduction of up to $3,000 (per beneficiary) for contributions to any 529 plan

Total Fees: 0.35% - 2.48%

Schwab 529 College Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: American Century Investment Management, Inc.

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $435,000

Age-Based Investment Options: Four categories with eight portfolios each

Static Investment Options: Nine options

State Taxation: All 529 plans exempt from Kansas state income tax

Credit or Deduction: Deduction of up to $3,000 (per beneficiary) for contributions to any 529 plan

Total Fees: 0.25% - 0.98%

Kentucky 529 Plan

KY Saves 529

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Ascensus College Savings

Residency Requirement: None

Minimum Contributions: $25 generally; $15 per pay period for automatic payroll deductions

Maximum Contributions: $350,000

Age-Based Investment Options: Seven portfolios

Static Investment Options: Five options

State Taxation: All 529 plans exempt from Kentucky state tax

Credit or Deduction: None

Total Fees: 0.02% - 0.38%; Capital Preservation and Guaranteed investments have no fee

Louisiana 529 Plans

Student Tuition Assistance and Revenue Trust (START) Saving Program

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Louisiana State Treasurer

Residency Requirement: Either the beneficiary or account owner must be a resident of Louisiana

Minimum Contributions: $10

Maximum Contributions: $500,000

Age-Based Investment Options: Three categories with four portfolios each

Static Investment Options: Seven portfolios

State Taxation: All 529 plans exempt from Louisiana state income tax

Credit or Deduction: Deduction of up to $2,400 (per beneficiary) for contributions to Louisiana’s 529 plan

Total Fees: 0.02% - 0.14%; no fee with Principal Protection investment

Maine 529 Plans

NextGen 529 – Client Direct Series

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Merrill Lynch, Pierce, Fenner & Smith Incorporated

Residency Requirement: None

Minimum Contributions: $25 initially and subsequently; some exceptions apply

Maximum Contributions: $500,000

Age-Based Investment Options: Two categories with 10 portfolios each

Static Investment Options: Eight portfolios

State Taxation: All 529 plans exempt from Maine state income tax

Credit or Deduction: None

Total Fees: 0% - 0.53%

NextGen 529 – Client Select Series

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Merrill Lynch, Pierce, Fenner & Smith Incorporated

Residency Requirement: None

Minimum Contributions: $25 initially (with exceptions); $25 subsequently with automatic contributions

Maximum Contributions: $500,000

Age-Based Investment Options: Four categories with 10 portfolios each

Static Investment Options: 35 portfolios

State Taxation: All 529 plans exempt from Maine state income tax

Credit or Deduction: None

Total Fees: 0% - 2.06%

Maryland 529 Plans

Maryland529 Prepaid College Trust

Plan Type: Prepaid tuition plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: N/A

Residency Requirement: Only open to residents of Maryland or Washington, D.C.

Minimum Contributions: Varies by plan

Maximum Contributions: N/A

Age-Based Investment Options: N/A

Static Investment Options: N/A

State Taxation: All 529 plans exempt from Maryland income tax

Credit or Deduction: Deduction of up to $2,500 (per beneficiary) for contributions to a Maryland 529 plan

Total Fees: $20 - $75 enrollment fee

Maryland529 College Investment Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: T. Rowe Price Associates, Inc.

Residency Requirement: None

Minimum Contributions: $25

Maximum Contributions: $500,000

Age-Based Investment Options: Eight portfolios

Static Investment Options: Nine portfolios

State Taxation: All 529 plans exempt from Maryland state income tax

Credit or Deduction: Deduction of up to $2,500 (per beneficiary) for contributions to a Maryland 529 plan

Total Fees: 0.26% - 0.7%

Massachusetts 529 Plans

U.Plan Prepaid Tuition Program

Plan Type: Prepaid tuition plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: N/A

Residency Requirement: None

Minimum Contributions: Varies by plan

Maximum Contributions: N/A

Age-Based Investment Options: N/A

Static Investment Options: N/A

State Taxation: All 529 plans exempt from Massachusetts state income tax

Credit or Deduction: Deduction of up to $1,000 for contributions to a Massachusetts 529 plan

Total Fees: None

U.Fund College Investing Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Fidelity Investments

Residency Requirement: None

Minimum Contributions: No minimum initially; automatic contributions must be at least $15 each month or $45 each quarter

Maximum Contributions: $400,000

Age-Based Investment Options: Three portfolios

Static Investment Options: 12 portfolios

State Taxation: All 529 plans exempt from Massachusetts state income tax

Credit or Deduction: Deduction of up to $1,000 for contributions to a Massachusetts 529 plan

Total Fees: 0.11% - 0.99%

Michigan 529 Plans

Michigan Education Trust

Plan Type: Prepaid tuition plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: N/A

Residency Requirement: Only open to Michigan residents

Minimum Contributions: Varies by plan

Maximum Contributions: N/A

Age-Based Investment Options: N/A

Static Investment Options: N/A

State Taxation: All 529 plans exempt from Michigan state income tax

Credit or Deduction: Deduction of up to $5,000 for contributions to a Michigan 529 plan

Total Fees: $25 online enrollment fee; $60 by-mail enrollment fee

Michigan Education Savings Program (MESP)

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: TIAA-CREF Tuition Financing, Inc.

Residency Requirement: None

Minimum Contributions: $25 generally; $15 per pay period with automatic payroll deductions

Maximum Contributions: $500,000

Age-Based Investment Options: 10 portfolios

Static Investment Options: Eight options

State Taxation: All 529 plans exempt from Michigan state income tax

Credit or Deduction: Deduction of up to $5,000 for contributions to a Michigan 529 plan

Total Fees: 0.075% - 0.135%; no fee for Principal Plus Interest investments

MI 529 Advisor Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: TIAA-CREF Tuition Financing, Inc.

Residency Requirement: None

Minimum Contributions: $25 per portfolio

Maximum Contributions: $500,000

Age-Based Investment Options: 10 portfolios

Static Investment Options: 19 portfolios

State Taxation: All 529 plans exempt from Michigan state income tax

Credit or Deduction: Deduction of up to $5,000 for contributions to a Michigan 529 plan

Total Fees: 0.42% - 1.9%

Minnesota 529 Plan

Minnesota College Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: TIAA-CREF Tuition Financing, Inc.

Residency Requirement: None

Minimum Contributions: $25 per investment; $15 per investment for those with automatic payroll deductions

Maximum Contributions: $425,000

Age-Based Investment Options: 10 portfolios

Static Investment Options: 10 options

State Taxation: All 529 plans exempt from Minnesota income tax

Credit or Deduction: Deduction and tax credit offered (depending on income) for contributions to any 529 plan

Total Fees: 0.12% - 0.24%; no fee for Principal Plus Interest investments

Mississippi 529 Plans

Mississippi Affordable College Savings (MACS)

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Intuition College Savings Solutions, LLC

Residency Requirement: None

Minimum Contributions: $25 generally; $15 per pay period for those with automatic payroll deductions

Maximum Contributions: $235,000

Age-Based Investment Options: Nine portfolios

Static Investment Options: Nine options

State Taxation: All 529 plans exempt from Mississippi state income tax

Credit or Deduction: Deduction of up to $10,000 for contributions to a Mississippi 529 plan

Total Fees: 0.63% - 0.73%; $20 fee for account owners who opt out of electronic delivery of plan documents

Mississippi Prepaid Affordable College Tuition (MPACT) Program

Plan Type: Prepaid tuition plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: N/A

Residency Requirement: Reserved for Mississippi residents

Minimum Contributions: Varies by plan

Maximum Contributions: N/A

Age-Based Investment Options: N/A

Static Investment Options: N/A

State Taxation: All 529 plans exempt from Mississippi state income tax

Credit or Deduction: Deduction of up to $10,000 for contributions to a Mississippi 529 plan

Total Fees: $60 enrollment fee

Missouri 529 Plan

MOST – Missouri’s 529 Education Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Ascensus College Savings

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $325,000

Age-Based Investment Options: Three categories with nine portfolios each

Static Investment Options: 16 portfolios

State Taxation: All 529 plans exempt from Missouri state tax

Credit or Deduction: Deduction of up to $8,000 for contributions to any 529 plan

Total Fees: 0.18% - 0.51%

Montana 529 Plan

Achieve Montana

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Ascensus College Savings

Residency Requirement: None

Minimum Contributions: $25 generally; $15 for those with automatic payroll deductions

Maximum Contributions: $396,000

Age-Based Investment Options: Seven portfolios

Static Investment Options: Eight portfolios

State Taxation: All 529 plans exempt from Montana state income tax

Credit or Deduction: Deduction of up to $3,000 for contributions to any 529 plan

Total Fees: 0.4% - 0.59%; $25 annual fee, with exceptions

Nebraska 529 Plans

Nebraska Education Savings Trust (NEST) Direct College Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: First National Bank of Omaha

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $400,000

Age-Based Investment Options: Three portfolios

Static Investment Options: 21 portfolios

State Taxation: All 529 plans exempt from Nebraska state tax

Credit or Deduction: Deduction of up to $10,000 for contributions to a Nebraska 529 plan

Total Fees: 0.2% - 1.26%

NEST Advisor College Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: First National Bank of Omaha

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $400,000

Age-Based Investment Options: Three categories with nine portfolios each

Static Investment Options: 25 portfolios

State Taxation: All 529 plans exempt from Nebraska state tax

Credit or Deduction: Deduction of up to $10,000 for contributions to a Nebraska 529 plan

Total Fees: 0.2% - 2.26%

TD Ameritrade 529 College Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: First National Bank of Omaha

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $400,000

Age-Based Investment Options: Two categories with nine portfolios each

Static Investment Options: 22 portfolios

State Taxation: All 529 plans exempt from Nebraska state tax

Credit or Deduction: Deduction of up to $10,000 for contributions to a Nebraska 529 plan

Total Fees: 0.34% - 0.88%

State Farm 529 Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: First National Bank of Omaha

Residency Requirement: None

Minimum Contributions: $250 initially, $50 subsequent

Maximum Contributions: $400,000

Age-Based Investment Options: Nine portfolios

Static Investment Options: Seven portfolios

State Taxation: All 529 plans exempt from Nebraska state tax

Credit or Deduction: Deduction of up to $10,000 for contributions to a Nebraska 529 plan

Total Fees: 0.2% - 0.61%; $25 fee for accounts with less than $20,000

Nevada 529 Plans

Nevada Prepaid Tuition Program

Plan Type: Prepaid tuition plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: N/A

Residency Requirement: Beneficiary or account owner must be a resident of Nevada; alternatively, owner may be an alumnus of a Nevada university

Minimum Contributions: Varies by plan

Maximum Contributions: N/A

Age-Based Investment Options: N/A

Static Investment Options: N/A

State Taxation: No individual income tax in Nevada

Credit or Deduction: None, for the reason stated above

Total Fees: $100 enrollment fee

SSGA Upromise 529 Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: State Street Global Advisors (SSGA) with Ascensus College Savings and Sallie Mae Bank

Residency Requirement: None

Minimum Contributions: $15 initially and subsequently

Maximum Contributions: $500,000

Age-Based Investment Options: Eight portfolios

Static Investment Options: 19 options

State Taxation: No individual income tax in Nevada

Credit or Deduction: None, for the reason stated above

Total Fees: 0.28% - 0.89%; $20 annual fee, with exceptions

Putnam 529 for America

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Putnam Investment Management, LLC

Residency Requirement: None

Minimum Contributions: $25

Maximum Contributions: $500,000

Age-Based Investment Options: 22 portfolios

Static Investment Options: 15 options

State Taxation: No individual income tax in Nevada

Credit or Deduction: None, for the reason stated above

Total Fees: 0.3% - 2.13%; $15 annual fee, with exceptions

The Vanguard 529 College Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Ascensus College Savings

Residency Requirement: None

Minimum Contributions: $1000 initially (Nevada residents) or $3,000 initially (non-Nevada residents); $50 subsequently

Maximum Contributions: $500,000

Age-Based Investment Options: 11 portfolios

Static Investment Options: 20 portfolios

State Taxation: No individual income tax in Nevada

Credit or Deduction: None, for the reason stated above

Total Fees: 0.12% - 0.42%

Wealthfront 529 College Savings Plan

Plan Type: Education savings plans

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Ascensus Broker Dealer Services, Inc.

Residency Requirement: None

Minimum Contributions: $500 initially, $100 subsequently

Maximum Contributions: $500,000

Age-Based Investment Options: 20 options

Static Investment Options: None

State Taxation: No individual income tax in Nevada

Credit or Deduction: None, for the reason stated above

Total Fees: 0.43% - 0.46% per glide path; 0.35% - 0.7% per portfolio

USAA 529 College Savings Plan

Plan Type: Education savings plans

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Ascensus College Savings

Residency Requirement: None

Minimum Contributions: $250 initially or $50 initially with automatic contributions of $50 each month or $150 each quarter

Maximum Contributions: $500,000

Age-Based Investment Options: Nine portfolios

Static Investment Options: 11 portfolios

State Taxation: No individual income tax in Nevada

Credit or Deduction: None, for the reason stated above

Total Fees: 0.46% - 1.06%; $10 annual fee, with exceptions

New Hampshire 529 Plans

UNIQUE College Investing Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Fidelity Investments

Residency Requirement: None

Minimum Contributions: None initially; automatic investment plan requires $15 each month or $45 each quarter

Maximum Contributions: $522,000

Age-Based Investment Options: Three portfolios

Static Investment Options: 12 portfolios

State Taxation: No New Hampshire state income tax

Credit or Deduction: None, for the reason stated above

Total Fees: 0.11% - 0.99%

Fidelity Advisor 529 Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Fidelity Investments

Residency Requirement: None

Minimum Contributions: None initially; automatic investment plan requires $15 each month or $45 each quarter

Maximum Contributions: $522,000

Age-Based Investment Options: Eight portfolios

Static Investment Options: 19 portfolios

State Taxation: No New Hampshire state income tax

Credit or Deduction: None, for the reason stated above

Total Fees: 0.25% - 2.12%; $20 annual fee, with exceptions

New Jersey 529 Plans

Franklin Templeton 529 College Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Franklin Templeton Distributors, Inc.

Residency Requirement: None

Minimum Contributions: $250 initially; $50 subsequently

Maximum Contributions: $305,000

Age-Based Investment Options: Three categories with eight portfolios each

Static Investment Options: 14 portfolios

State Taxation: All qualified 529 plan distributions exempt from New Jersey state income tax

Credit or Deduction: None

Total Fees: 0.29% - 2.24%

NJBEST 529 College Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Franklin Templeton Distributors, Inc.

Residency Requirement: Limited to New Jersey residents

Minimum Contributions: $25 per investment; $300 in contributions must be made each year until account reaches $1,200

Maximum Contributions: $305,000

Age-Based Investment Options: Three categories with eight portfolios each

Static Investment Options: Six portfolios

State Taxation: All qualified 529 plan distributions exempt from New Jersey state income tax

Credit or Deduction: None

Total Fees: 0.14% - 0.81%

New Mexico 529 Plans

The Education Plan’s College Savings Program

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Ascensus College Savings

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $500,000

Age-Based Investment Options: 11 portfolios

Static Investment Options: 13 portfolios

State Taxation: All 529 plans exempt from New Mexico state income tax

Credit or Deduction: Can deduct full value of contributions from New Mexico state income tax

Total Fees: 0.1% - 0.44%

Scholar’s Edge 529

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Ascensus College Savings Recordkeeping Services, LLC

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $500,000

Age-Based Investment Options: 11 portfolios

Static Investment Options: 20 portfolios

State Taxation: All 529 plans exempt from New Mexico state income tax

Credit or Deduction: Can deduct full value of contributions from New Mexico state income tax

Total Fees: 0.28% - 2.35%; $20 annual fee, with exceptions

New York 529 Plans

New York’s 529 College Savings Program Direct Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Ascensus College Savings

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $520,000

Age-Based Investment Options: Three categories with nine portfolios each

Static Investment Options: 13 portfolios

State Taxation: All 529 plans exempt from New York state income tax

Credit or Deduction: Deduction for account owners (and their spouses) of up to $5,000 for contributions to a New York plan

Total Fees: 0.13%

New York’s 529 Advisor-Guided College Savings Program

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Ascensus Broker Dealer Services

Residency Requirement: None

Minimum Contributions: $1,000 initially; $25 subsequently

Maximum Contributions: $520,000

Age-Based Investment Options: Nine portfolios

Static Investment Options: 22 portfolios

State Taxation: All 529 plans exempt from New York state income tax

Credit or Deduction: Deduction for account owners (and their spouses) of up to $5,000 for contributions to a New York plan

Total Fees: 0.33% - 2.05%; $25 annual fee for balances of less than $25,000

North Carolina 529 Plan

North Carolina’s National College Savings Program

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: College Foundation, Inc.

Residency Requirement: None

Minimum Contributions: $25 initially or subsequently

Maximum Contributions: $450,000

Age-Based Investment Options: Three portfolios

Static Investment Options: 11 options

State Taxation: All 529 plans exempt from North Carolina state income tax

Credit or Deduction: None

Total Fees: 0.25% - 0.4%; $1.50 per month, waived for those who opt for electronic delivery of documents

North Dakota 529 Plans

College SAVE (Direct)

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Ascensus College Savings

Residency Requirement: None

Minimum Contributions: $25 initially and subsequently; $12.50 for automatic payroll deposits

Maximum Contributions: $269,000

Age-Based Investment Options: Three categories with five options each

Static Investment Options: Six portfolios

State Taxation: All 529 plans exempt from North Dakota state income tax

Credit or Deduction: Deduction of up to $5,000 for contributions to a North Dakota plan

Total Fees: 0.5%; $20 annual fee for non-North Dakota residents

College SAVE (Advisor)

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Ascensus College Savings

Residency Requirement: None

Minimum Contributions: $25 initially and subsequently; $12.50 for automatic payroll deposits

Maximum Contributions: $269,000

Age-Based Investment Options: Three categories with five options each

Static Investment Options: Six portfolios

State Taxation: All 529 plans exempt from North Dakota state income tax

Credit or Deduction: Deduction of up to $5,000 for contributions to a North Dakota plan

Total Fees: 0.55% - 0.85%; $20 annual fee for non-North Dakota residents

Ohio 529 Plans

CollegeAdvantage – Ohio’s 529 Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Ohio Tuition Trust Authority

Residency Requirement: None

Minimum Contributions: $25 initially and subsequently

Maximum Contributions: $482,000

Age-Based Investment Options: Two categories; one has nine portfolios and the other has 10

Static Investment Options: 22 options

State Taxation: All 529 plans exempt from Ohio state income tax

Credit or Deduction: Deduction of up to $4,000 (per beneficiary) for contributions to an Ohio plan

Total Fees: 0.165% - 0.5%; no fees with Fifth Third Bank investments

CollegeAdvantage Advisor 529 Savings Plan (BlackRock)

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: BlackRock Advisors, LLC

Residency Requirement: None

Minimum Contributions: $25 generally; $500 with CD option

Maximum Contributions: $482,000

Age-Based Investment Options: Seven portfolios

Static Investment Options: 20 options

State Taxation: All 529 plans exempt from Ohio income tax

Credit or Deduction: Deduction of up to $4,000 (per beneficiary) for contributions to an Ohio plan

Total Fees: 0.18% - 2.19%; $25 annual fee, with exceptions

Oklahoma 529 Plans

Oklahoma College Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: TIAA-CREF Tuition Financing, Inc.

Residency Requirement: None

Minimum Contributions: $25 initially and subsequently; no minimum with automatic payroll deductions

Maximum Contributions: $300,000

Age-Based Investment Options: 10 portfolios

Static Investment Options: Six options

State Taxation: All 529 plans exempt from Oklahoma income tax

Credit or Deduction: Deduction of up to $10,000 for contributions to an Oklahoma plan

Total Fees: 0.3% - 0.57%; no fees with Guaranteed Option

Oklahoma Dream 529 Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Fidelity Investments

Residency Requirement: None

Minimum Contributions: None, generally; systematic investment plans require $50 per month or $150 per quarter

Maximum Contributions: $300,000

Age-Based Investment Options: Eight portfolios

Static Investment Options: 19 portfolios

State Taxation: All 529 plans exempt from Oklahoma income tax

Credit or Deduction: Deduction of up to $10,000 for contributions to an Oklahoma plan

Total Fees: 0.25% - 2.12%; $20 annual fee, with exceptions

Oregon 529 Plans

Oregon College Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Sumday Administration, LLC

Residency Requirement: None

Minimum Contributions: $25 per portfolio initially and subsequently; minimums lower with automated investments

Maximum Contributions: $400,000

Age-Based Investment Options: One option encompassing various portfolios

Static Investment Options: 14 options

State Taxation: All 529 plans exempt from Oregon income tax

Credit or Deduction: Tax credit of up to $150; required contributions to receive credit depends on income

Total Fees: 0.25% - 0.72%

MFS 529 Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: MFS Fund Distributors, Inc.

Residency Requirement: None

Minimum Contributions: $250 initially, no subsequent minimum

Maximum Contributions: $400,000

Age-Based Investment Options: Six portfolios

Static Investment Options: 18 options

State Taxation: All 529 plans exempt from Oregon income tax

Credit or Deduction: Tax credit of up to $150; required contributions to receive credit depends on income

Total Fees: 0.67% - 2.09%; $25 annual fee, with exceptions

Pennsylvania 529 Plans

Pennsylvania 529 Guaranteed Savings Plan

Plan Type: Education savings plan (guaranteed)

Direct- or Advisor-Sold: Direct-sold

Plan Manager: N/A

Residency Requirement: Beneficiary or account owner must be a resident of Pennsylvania to enroll

Minimum Contributions: $10

Maximum Contributions: $511,758

Age-Based Investment Options: N/A

Static Investment Options: N/A

State Taxation: All 529 plans exempt from Pennsylvania income tax

Credit or Deduction: Deduct amount up to annual gift tax exclusion (per beneficiary) for contributions to any 529 plan (as of 2020, gift tax exclusion is $15,000 per year)

Total Fees: 0.4% - 0.7%

Pennsylvania 529 Investment Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Pennsylvania Treasury Department with Vanguard and Ascensus College Savings

Residency Requirement: None

Minimum Contributions: $10

Maximum Contributions: $511,758

Age-Based Investment Options: Three categories with nine options each

Static Investment Options: 14 portfolios

State Taxation: All 529 plans exempt from Pennsylvania income tax

Credit or Deduction: Deduct amount up to annual gift tax exclusion (per beneficiary) for contributions to any 529 plan (as of 2020, gift tax exclusion is $15,000 per year)

Total Fees: 0.215% - 0.315%; $10 annual fee with exemption for account owners who opt for electronic document delivery

Rhode Island 529 Plans

CollegeBound 529 (Direct)

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Ascensus College Savings

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $500,000

Age-Based Investment Options: 11 options

Static Investment Options: 11 options

State Taxation: All 529 plans exempt from Rhode Island income tax

Credit or Deduction: Deduction of up to $500 on contributions to a Rhode Island plan

Total Fees: 0.03% - 0.35%; rate discounted for residents of Rhode Island

CollegeBound 529 (Advisor)

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Ascensus College Savings

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $500,000

Age-Based Investment Options: 10 options

Static Investment Options: 14 portfolios

State Taxation: All 529 plans exempt from Rhode Island income tax

Credit or Deduction: Deduction of up to $500 on contributions to a Rhode Island plan

Total Fees: 0.16% - 2.07% (discounted for Rhode Island residents); $20 annual fee, with exceptions

South Carolina 529 Plans

Future Scholar 529 College Savings Plan (Direct)

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Columbia Management Investment Advisors, LLC

Residency Requirement: Beneficiary or owner must be a South Carolina resident or state employee to enroll

Minimum Contributions: None

Maximum Contributions: $520,000

Age-Based Investment Options: Three categories with nine portfolios each

Static Investment Options: 17 options

State Taxation: All 529 plans exempt from South Carolina income tax

Credit or Deduction: Deduct all contributions to South Carolina 529 plans

Total Fees: 0% - 0.25%

Future Scholar 529 College Savings Plan (Advisor)

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Columbia Management Investment Advisors, LLC

Residency Requirement: None

Minimum Contributions: $100 initially, $25 subsequently; no minimum for automatic investments

Maximum Contributions: $520,000

Age-Based Investment Options: Three categories with 8-9 portfolios each

Static Investment Options: 30 options

State Taxation: All 529 plans exempt from South Carolina income tax

Credit or Deduction: Deduct all contributions to South Carolina 529 plans

Total Fees: 0% - 2.01%; $25 annual fee, with exceptions

South Dakota 529 Plans

CollegeAccess 529 (Direct)

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Allianz Global Investors Distributors LLC

Residency Requirement: Beneficiary or owner must be a resident of South Dakota to enroll

Minimum Contributions: $250 per investment initially, $50 subsequently

Maximum Contributions: $350,000

Age-Based Investment Options: Nine portfolios

Static Investment Options: Three portfolios

State Taxation: South Dakota has no individual income tax

Credit or Deduction: None, for the reason specified above

Total Fees: 0.45% - 1.12%

CollegeAccess 529 (Advisor)

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Allianz Global Investors Distributors LLC

Residency Requirement: None

Minimum Contributions: $1,000 initially, $50 subsequently; $250 initially with automatic investments

Maximum Contributions: $350,000

Age-Based Investment Options: Nine portfolios

Static Investment Options: 15 portfolios

State Taxation: South Dakota has no individual income tax

Credit or Deduction: None, for the reason specified above

Total Fees: 0.48% - 2.47%; fee of $5 per quarter for balances below $20,000, with exceptions

Tennessee 529 Plan

TNStars College Savings 529 Program

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Tennessee Department of Treasury

Residency Requirement: None

Minimum Contributions: $25 per investment, both initially and subsequently

Maximum Contributions: $350,000 (combined with any BEST Prepaid Program accounts)

Age-Based Investment Options: 10 options

Static Investment Options: 16 options

State Taxation: Tennessee has no individual income tax

Credit or Deduction: None, for the reason stated above

Total Fees: 0.23% - 0.84%; no fees with interest-bearing account

Texas 529 Plans

Texas Tuition Promise Fund

Plan Type: Prepaid tuition plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: N/A

Residency Requirement: Beneficiary or parent opening the account must be a resident of Texas to enroll

Minimum Contributions: Varies by plan

Maximum Contributions: N/A

Age-Based Investment Options: N/A

Static Investment Options: N/A

State Taxation: Texas has no individual income tax

Credit or Deduction: None, for the reason specified above

Total Fees: $25 enrollment fee

Texas College Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Orion Advisor Solutions, Inc.

Residency Requirement: None

Minimum Contributions: $25 per portfolio; $15 with automatic contributions

Maximum Contributions: $370,000

Age-Based Investment Options: Two categories with six portfolios each

Static Investment Options: Seven options

State Taxation: Texas has no individual income tax

Credit or Deduction: None, for the reason specified above

Total Fees: 0.59% - 0.99%

LoneStar 529 Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Orion Advisor Solutions, Inc.

Residency Requirement: None

Minimum Contributions: $25 per portfolio; $15 with automatic contributions

Maximum Contributions: $370,000

Age-Based Investment Options: Six portfolios

Static Investment Options: 12 portfolios

State Taxation: Texas has no individual income tax

Credit or Deduction: None, for the reason specified above

Total Fees: 0.66% - 2.48%

Utah 529 Plan

my529

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Utah Higher Education Assistance Authority

Residency Requirement: None

Minimum Contributions: None

Maximum Contributions: $500,000

Age-Based Investment Options: Four standardized portfolios, one customizable portfolio with 30 investment options

Static Investment Options: Eight options

State Taxation: All 529 plans exempt from Utah income tax

Credit or Deduction: Tax credit of 5% on contributions of up to $2,040 (per beneficiary) toward a Utah 529 plan; only the account owners are eligible

Total Fees: 0.12% - 0.525%

Vermont 529 Plan

Vermont Higher Education Investment Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Intuition College Savings Solutions, LLC

Residency Requirement: None

Minimum Contributions: $25 generally; $15 with automatic payroll deductions

Maximum Contributions: $352,800

Age-Based Investment Options: Six portfolios

Static Investment Options: Five options

State Taxation:

Credit or Deduction: Tax credit of 10% on contributions of up to $2,500 (per beneficiary) toward a Vermont plan

Total Fees: 0.04% - 0.07% (no fee with Principal Plus Interest account); $10 annual fee with exemption for account owners who opt for electronic document delivery

Virginia 529 Plans

CollegeAmerica

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: American Funds Service Company and American Funds Distributor with Capital Research and Management Company

Residency Requirement: None

Minimum Contributions: $250 per fund initially, $50 per fund subsequently; $1,000 initially with U.S. Government Money Market Fund

Maximum Contributions: $500,000

Age-Based Investment Options: Seven portfolios

Static Investment Options: Exact number unknown

State Taxation: All 529 plans exempt from Virginia income tax

Credit or Deduction: Deduction of up to $4,000 for contributions to a Virginia plan; only account owners are eligible

Total Fees: 0.29% - 2.1%

Invest529

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Virginia529

Residency Requirement: None

Minimum Contributions: $25 initially, no subsequent minimum

Maximum Contributions: $500,000

Age-Based Investment Options: Eight portfolios

Static Investment Options: 15 portfolios

State Taxation: All 529 plans exempt from Virginia income tax

Credit or Deduction: Deduction of up to $4,000 for contributions to a Virginia plan; only account owners are eligible

Total Fees: 0.09% - 0.62%

Washington 529 Plans

Guaranteed Education Tuition (GET)

Plan Type: Prepaid tuition plan (guaranteed)

Direct- or Advisor-Sold: Direct-sold

Plan Manager: N/A

Residency Requirement: Beneficiary or owner must be a resident of Washington to enroll

Minimum Contributions: Varies by plan

Maximum Contributions: $106,400

Age-Based Investment Options: N/A

Static Investment Options: N/A

State Taxation: Washington has no individual income tax

Credit or Deduction: None, for the reason stated above

Total Fees: $50 enrollment fee with exemption for online enrollment

DreamAhead College Investment Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Sumday Administration, LLC

Residency Requirement: None

Minimum Contributions: $25 per investment initially; $5 per investment subsequently

Maximum Contributions: $500,000

Age-Based Investment Options: Three categories with 10 portfolios each

Static Investment Options: Seven options

State Taxation: Washington has no individual income tax

Credit or Deduction: None, for the reason stated above

Total Fees: 0.255% - 0.4%; $35 annual fee

Washington, D.C. 529 Plan

DC College Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Ascensus College Savings

Residency Requirement: None

Minimum Contributions: $25 initially and subsequently

Maximum Contributions: $500,000

Age-Based Investment Options: Seven portfolios

Static Investment Options: Eight portfolios

State Taxation: Qualified distributions are tax-free from any 529 plan

Credit or Deduction: Deduction of up to $4,000 for contributions to DC plans; only available to account owner

Total Fees: 0.15% - 0.74%; $15 annual fee, with exceptions

West Virginia 529 Plans

SMART529 WV Direct

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Hartford Funds Management Company, LLC

Residency Requirement: Beneficiary or owner must have a mailing address in West Virginia or be a state resident on active military duty

Minimum Contributions: None

Maximum Contributions: $400,000

Age-Based Investment Options: Nine portfolios

Static Investment Options: Seven options

State Taxation: All 529 plans exempt from West Virginia income tax

Credit or Deduction: All contributions to West Virginia plans deductible from state income tax

Total Fees: 0.12% - 0.22%

SMART529 Select

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: Hartford Funds Management Company, LLC

Residency Requirement: None

Minimum Contributions: $250 per fund initially, $25 per fund subsequently; minimums lower for West Virginia residents

Maximum Contributions: $400,000

Age-Based Investment Options: Nine portfolios

Static Investment Options: 10 portfolios

State Taxation: All 529 plans exempt from West Virginia income tax

Credit or Deduction: All contributions to West Virginia plans deductible from state income tax

Total Fees: 0.57% - 0.67%; $25 annual fee, with exceptions

The Hartford SMART529

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Hartford Funds Management Company, LLC

Residency Requirement: None

Minimum Contributions: $250 initially, $25 subsequently; minimums lower for West Virginia residents

Maximum Contributions: $400,000

Age-Based Investment Options: Nine portfolios

Static Investment Options: 19 portfolios

State Taxation: All 529 plans exempt from West Virginia income tax

Credit or Deduction: All contributions to West Virginia plans deductible from state income tax

Total Fees: 0.28% - 2.07%; $25 annual fee, with exceptions

Wisconsin 529 Plans

Edvest College Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: TIAA-CREF Tuition Financing, Inc.

Residency Requirement: None

Minimum Contributions: $25 initially and subsequently; no minimum for those with automatic payroll deductions

Maximum Contributions: $505,000

Age-Based Investment Options: 10 portfolios

Static Investment Options: 15 portfolios

State Taxation: All 529 plans exempt from Wisconsin income tax

Credit or Deduction: Deduction of up to $3,340 (per beneficiary) for contributions to a Wisconsin plan

Total Fees: 0.08% - 0.38%; no fees with Principal Plus Interest option

Tomorrow’s Scholar College Savings Plan

Plan Type: Education savings plan

Direct- or Advisor-Sold: Advisor-sold

Plan Manager: Voya

Residency Requirement: None

Minimum Contributions: $250; $25 each month with automatic contributions

Maximum Contributions: $505,000

Age-Based Investment Options: Nine portfolios

Static Investment Options: 23 portfolios

State Taxation: All 529 plans exempt from Wisconsin income tax

Credit or Deduction: Deduction of up to $3,340 (per beneficiary) for contributions to a Wisconsin plan

Total Fees: 0.21% - 2.18%; $25 annual fee, with exceptions

Wyoming

Wyoming only offers an ABLE account, WV ABLE, which is not covered here.

The Private 529 Plan

Private College 529 Plan

Plan Type: Prepaid tuition plan

Direct- or Advisor-Sold: Direct-sold

Plan Manager: N/A (sponsored by the Tuition Plan Consortium LLC)

Residency Requirement: None

Minimum Contributions: Varies by plan

Maximum Contributions: N/A

Age-Based Investment Options: N/A

Static Investment Options: N/A

State Taxation: Generally exempt from state income taxes, but policy varies by state

Credit or Deduction: Varies by state

Total Fees: None

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