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Thursday, May 13, 2021

Rating the top 529 college savings plan | Morning Star

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529 college savings plans are evaluated based on five factors: process, people, parent, price, and performance. The plans are then ranked, and assigned a rating of gold, silver, or bronze. Only four plans reached the gold standard, having low costs, several investment options, and smooth transitions. These include Virginia’s Invest529, Illinois’ Bright Start College Savings, Utah’s my529, and California’s ScholarShare College Savings Plan. Just over a dozen plans made both the silver and bronze list. The plans that fall below bronze are considered neutral or negative and should be avoided.

Source: https://www.morningstar.com

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