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General Information
DreamAhead College Investment Plan
The DreamAhead College Investment Plan is Washington’s direct-sold 529 college savings plan that helps families save for future higher education expenses. DreamAhead opened in 2018, and since then, over 16,000 students have taken distributions of $521.1 million in DreamAhead benefits to help pay for qualified higher education expenses at colleges, universities, and technical schools nationwide.
Our Ratingix
4 of 5
Fee Scoreix
4 of 5
Performanceix
2 of 5
- Program typeSavings
- Inception2018
- State agencyWashington Student Achievement Council
- Tax deduction
- Program ManagerVestwell State Savings, LLC, Vestwell State Savings, LLC
- Program distributorCommittee on Advanced Tuition Payment and College Savings (WA529 Committee)
Ratings & Rankings
Our overall rating for WA residents
This is a program that offers outstanding flexibility, attractive investments, and additional economic benefits (such as generous state tax incentives) that for some people, at least, will provide a substantial boost to their savings. There are few, if any, weaknesses noted in the program.
Our overall rating for non-residents
This is an excellent program with many benefits for the participant and positive investment attributes. If it has any significant weaknesses then it also has some particularly good things to recommend it.
Savingforcollege.com’s 5-Cap Ratings provides an evaluation and comparison of 529 plans, utilizing a formula that examines dozens of factors grouped into the following categories.
1.82of 5
Each plan’s performance score is developed directly from Savingforcollege.com’s Quarterly 529 Performance Rankings. A 529 savings plan must have at least one year of performance history before they will be assigned a 5-cap rating. For those plans that are not part of our quarterly performance rankings, such as plans offering a single set of bank-based investment options, we assign a performance score by evaluating the returns currently available on similar types of investments outside of 529 plans.
Eligibility
State residency requirements:
Who can be a participant/owner in the program?
Alternative 529 Plans
Contributions
Maximum contributions:
Minimum contributions:
Does the program offer an e-gifting platform for receiving gift contributions?
Investment Options
Age-based/Enrollment Year investment options:
View more age-based investment optionsStatic investment options:
View more static investment optionsUnderlying investments:
View a full list of this plan’s investment optionsUnderlying fund allocations:
Fees & Expenses
Enrollment or application fee:
Account maintenance fee:
Program management fees:
Expenses of the underlying investments:
Total asset-based expense ratio:
Taxes and other Benefits
- Tax deduction for single filersNone
- Tax deduction for joint filersNone
Note
Washington doesn't offer tax deductions