Forbes readers: find your best 529 plan
Save nearly 2X more for college with a 529 plan!*
Copyright © 2020 Saving for College, LLC. All Rights Reserved
444 Brickell Avenue, Suite 820 Miami, FL 33131
Phone: (585) 286-5426
Frequently featured in
Helping families save for college since 1999
Savingforcollege.com is an unbiased, independent resource for parents and financial professionals, providing them with information and tools to understand the benefits of 529 college savings plans and how to meet the challenge of increasing college costs.
†Advertiser Disclosure
DISCLOSURE
*Assumes savings of $2,000/year at 7% rate of return, 15% capital gains tax and a $150,000 household income (married filing jointly). 2x more is compared to a savings account.
FOOTNOTES
1. State tax benefit: This is the maximum amount of annual contributions that can be claimed on a state tax return for a couple that is married filing jointly.
2. Ratings: The 5-Cap Ratings represent our opinion of the attractiveness of each 529 plan, relative to all other 529 plans, based on the many factors that we feel are important. To see our 5-cap methodology please visit our 5-cap rating system criteria. The performance score is derived from the
analysis of performance as part of Savingforcollege.com’s 5-Cap Rating. The fee score is derived
from the analysis of costs done as part of Savingforcollege.com's 5-Cap Rating. This analysis
compares total average asset-based expenses of the plan to other 529 savings plans.
†ADVERTISER DISCLOSURE
We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.
529 vs. Other College Savings Vehicles
529 Plans allow you to save for college tax-free, making it the ideal college savings solution compared to other investment vehicles. More savings for college means less student debt your child will have to take on!
529 Plan
$73,232
$73,232
Stock Market
$65,180
$65,180
Savings Account
$37,300
$37,300