Prepaid529 is no longer available
Click here to see other Virginia 529 plans.
Virginia's Prepaid529 offers a variety of tuition packages to Virginia families. The program closed to new accounts on April 30, 2019. There will be no changes to existing Prepaid529 contracts, and current contracts will retain the Prepaid529 benefit structure in effect at the time of purchase.
- Program typePrepaid contract
- Enrollment periodVirginia529 closed Prepaid529 to new enrollments as of April 30, 2019.
- Inception1996
- State agencyVirginia529
- Tax deduction
Investment Options
Investors in Prepaid529 can select from the following investment options. Click on a portfolio name for more information.
Sometimes referred to as the enrollment-based option, this is an investment approach where your asset allocation is programmed to change over time. Accounts for young beneficiaries are invested aggressively and accounts for beneficiaries with college right around the corner are invested much more conservatively. In some 529 plans, the age-based option operates by automatically transferring your investment from one static portfolio to another at certain points in time. Others utilize lifecycle funds or employ lifecycle-type tactics within the portfolio containing your investment so that it is not necessary to transfer your investment between portfolios.