Is There a Prepaid College Savings Plan for You?

See a quick comparison of 14 options to see if there's a plan that suits your needs

September 23, 2009 RSS Feed Print
  • Comment (2)
Prepaid plans open for new investors Are out of state investors allowed? Is there a state tax deduction for contributions? Kind of guarantee
University of Alaska College Savings Plan ACT Portfolio Yes No; Alaska doesn't have a state income tax Fund assets
Florida Prepaid College Plans No No; Florida doesn't have a state income tax State
College Illinois! No Yes Legislative
Independent 529 Plan Yes Yes, in some states Universities
Maryland Prepaid College Trust Only DC Yes, up to $2,500/year Legislative
Massachusetts Uplan Prepaid Tuition Program Yes No State
Michigan Education Trust No Yes Fund assets
Mississippi Prepaid Affordable College Tuition Program No Yes State
Nevada Prepaid Tuition Program Alumni of some Nevada colleges No; Nevada doesn't have a state income tax Fund assets
Pennsylvania Guaranteed Savings Plan No Yes Fund assets
Tennessee Baccalaureate Education System Trust No No; Tennessee doesn't have a state income tax Fund assets
Texas Tuition Promise Fund No No; Texas doesn't have a state income tax Universities
Virginia Prepaid Education Program Soldiers stationed in Virginia Yes, up to $4,000/year Legislative
Washington (state) Guaranteed Education Tuition No No; Washington doesn't have a state income tax State

Tags:
colleges,
paying for college

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foo of foo 7:57AM May 25, 2010

Just a quick note for anyone who knows someone they are close to in Washington State, you can open a GET account for someone who is not a resident of Washington State, if you are a resident. So if you have a relitive there, they can open the account with your child as the benificiary.

Rachel of WA 6:44PM March 14, 2010

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