COLLEGE SAVINGS 101

Savingforcollege.com

2008 1-year Top Performing Direct Plans Q3
http://www.savingforcollege.com/articles/2008-1-year-top-performing-direct-plans-q3

Posted: 2008-11-21

Savingforcollege.com ranks the performance of Direct Sold 529 Plans. Direct sold plans are those that consumers can enroll in without using a broker. We have prepared 1-year, 3-year and 5-year performance tables.

To prepare this ranking, we compared a subset of portfolios from each 529 savings plan, selecting portfolios based on their mix of stocks, bonds, and money-market funds, allowing for an apples-to-apples comparison in seven different asset-allocation categories. The lower the "percentile" the better the ranking.

This ranking could be a useful tool for you when selecting which Direct 529 Plan might be right for you.

529 Performance Rankings as of September 30, 2008
Direct sold 529 Plans
Ranked by 1 Yr performance

Updated November 25, 2008

1-year Performance Ranking (click here for 3 Year Performance Table and 5 Year Performance Table)

Rank State Plan Percentile
1 New York New York's 529 College Savings Program - Direct Plan 23.25
2 Georgia Path2College 529 Plan 23.76
3 Utah Utah Educational Savings Plan (UESP) Trust 24.89
4 Arkansas GIFT College Investing Plan 26.61
5 Pennsylvania Pennsylvania 529 Investment Plan 26.99
6 Kansas Schwab 529 College Savings Plan 27.23
7 Kansas Learning Quest 529 Education Savings Program (Direct-sold) 27.63
8 Kentucky Kentucky Education Savings Plan Trust 28.67
9 Missouri MOST - Missouri's 529 College Savings Plan (Direct-sold) 28.77
10 Michigan Michigan Education Savings Program 29.09
11 Iowa College Savings Iowa 30.57
12 Wisconsin EdVest (Direct-sold) 31.13
13 Mississippi Mississippi Affordable College Savings (MACS) Program 31.15
14 Oklahoma Oklahoma College Savings Plan 31.26
15 Louisiana START Saving Program 31.52
16 District of Columbia DC 529 College Savings Program (Direct-sold) 31.93
17 Connecticut Connecticut Higher Education Trust (CHET) 32.36
18 Vermont Vermont Higher Education Investment Plan 32.40
19 South Carolina Future Scholar 529 College Savings Plan (Direct-sold) 32.62
20 Nevada The Upromise College Fund 33.06
21 North Dakota College SAVE 33.25
22 Minnesota Minnesota College Savings Plan 33.36
23 West Virginia SMART529 Select 33.85
24 Nevada The Vanguard 529 Savings Plan 34.71
25 Massachusetts U.Fund College Investing Plan 36.30
26 Delaware Delaware College Investment Plan 37.33
27 Arizona Fidelity Arizona College Savings Plan 37.45
28 New Hampshire UNIQUE College Investing Plan 37.66
29 California The ScholarShare College Savings Plan 38.15
30 Colorado Direct Portfolio College Savings Plan 38.40
31 Nebraska College Savings Plan of Nebraska (Direct-sold) 40.15
32 Nevada USAA College Savings Plan 40.62
33 Virginia Virginia Education Savings Trust (VEST) 42.68
34 Nebraska TD Ameritrade 529 College Savings Plan 44.28
35 Illinois Bright Start College Savings Program - Direct-sold-Plan 50.57
36 New Jersey NJBEST 529 College Savings Plan 50.98
37 Alaska University of Alaska College Savings Plan 54.46
38 Maine NextGen College Investing Plan - Client Direct Series 55.34
39 West Virginia SMART529 WV Direct 56.74
40 Maryland College Savings Plans of Maryland - College Investment Plan 58.00
41 Montana Pacific Life Funds 529 College Savings Plan (Direct-sold) MT 58.17
42 Alaska T. Rowe Price College Savings Plan 60.37
43 Oregon Oregon College Savings Plan 62.71
44 Ohio Ohio CollegeAdvantage 529 Savings Plan 62.74
45 South Dakota CollegeAccess 529 (Direct-sold) 66.30
46 North Carolina National College Savings Program 75.87
47 Rhode Island CollegeBoundfund (Direct-sold Alternative R) 76.67
48 New Mexico The Education Plan's College Savings Program (Direct-sold) 78.51
49 Alabama Higher Education 529 Fund (Direct-sold) 81.04
- Florida Florida College Investment Plan NA
- Hawaii Hawaii's College Savings Program NA
- Idaho Idaho College Savings Program (IDeal) NA
- Indiana CollegeChoice 529 Investment Plan (Direct-sold) NA
- Texas Texas College Savings Plan NA

NA = Not Applicable = Program does not have at least 3 portfolios with sufficiently-long performance under our ranking model.

The Savingforcollege.com Plan Composite Rankings are derived using the plans relevant portfolio performance in seven unique asset allocation categories. The asset allocation categories used are 100% Equity, 80% Equity, 60% Equity, 40% Equity, 20% Equity, 100% Fixed, and 100% Short Term. The plan composite ranking is determined by the average of its percentile ranking in the seven categories.

The performance data underlying these rankings represents past performance and is not a guarantee of future performance. Current performance may be lower or higher than the performance data used. A plan portfolio's investment return and principal value will fluctuate so that an investor's shares or units when redeemed may be worth more or less than their original cost. Investors should carefully consider plan investment goals, risks, charges and expenses, by obtaining and reading the plan's official program description before investing. Investors should also consider whether their of their beneficiary's home state offers any tax or other benefits that are available for investments only in such state's 529 plan.

Brokers please note: For internal use only and not for use with or to be shown to the investing public.

Disclaimer: Bankrate, Inc. shall not be liable for any errors or omissions in this report. Users should rely on official program disclosures.

For Broker Sold plan rankings, click here.

Savingforcollege.com ranks the performance of Direct Sold 529 Plans. Direct sold plans are those that consumers can enroll in without using a broker. We have prepared 1-year, 3-year and 5-year performance tables.

To prepare this ranking, we compared a subset of portfolios from each 529 savings plan, selecting portfolios based on their mix of stocks, bonds, and money-market funds, allowing for an apples-to-apples comparison in seven different asset-allocation categories. The lower the "percentile" the better the ranking.

This ranking could be a useful tool for you when selecting which Direct 529 Plan might be right for you.

529 Performance Rankings as of September 30, 2008
Direct sold 529 Plans
Ranked by 1 Yr performance

Updated November 25, 2008

1-year Performance Ranking (click here for 3 Year Performance Table and 5 Year Performance Table)

Rank State Plan Percentile
1 New York New York's 529 College Savings Program - Direct Plan 23.25
2 Georgia Path2College 529 Plan 23.76
3 Utah Utah Educational Savings Plan (UESP) Trust 24.89
4 Arkansas GIFT College Investing Plan 26.61
5 Pennsylvania Pennsylvania 529 Investment Plan 26.99
6 Kansas Schwab 529 College Savings Plan 27.23
7 Kansas Learning Quest 529 Education Savings Program (Direct-sold) 27.63
8 Kentucky Kentucky Education Savings Plan Trust 28.67
9 Missouri MOST - Missouri's 529 College Savings Plan (Direct-sold) 28.77
10 Michigan Michigan Education Savings Program 29.09
11 Iowa College Savings Iowa 30.57
12 Wisconsin EdVest (Direct-sold) 31.13
13 Mississippi Mississippi Affordable College Savings (MACS) Program 31.15
14 Oklahoma Oklahoma College Savings Plan 31.26
15 Louisiana START Saving Program 31.52
16 District of Columbia DC 529 College Savings Program (Direct-sold) 31.93
17 Connecticut Connecticut Higher Education Trust (CHET) 32.36
18 Vermont Vermont Higher Education Investment Plan 32.40
19 South Carolina Future Scholar 529 College Savings Plan (Direct-sold) 32.62
20 Nevada The Upromise College Fund 33.06
21 North Dakota College SAVE 33.25
22 Minnesota Minnesota College Savings Plan 33.36
23 West Virginia SMART529 Select 33.85
24 Nevada The Vanguard 529 Savings Plan 34.71
25 Massachusetts U.Fund College Investing Plan 36.30
26 Delaware Delaware College Investment Plan 37.33
27 Arizona Fidelity Arizona College Savings Plan 37.45
28 New Hampshire UNIQUE College Investing Plan 37.66
29 California The ScholarShare College Savings Plan 38.15
30 Colorado Direct Portfolio College Savings Plan 38.40
31 Nebraska College Savings Plan of Nebraska (Direct-sold) 40.15
32 Nevada USAA College Savings Plan 40.62
33 Virginia Virginia Education Savings Trust (VEST) 42.68
34 Nebraska TD Ameritrade 529 College Savings Plan 44.28
35 Illinois Bright Start College Savings Program - Direct-sold-Plan 50.57
36 New Jersey NJBEST 529 College Savings Plan 50.98
37 Alaska University of Alaska College Savings Plan 54.46
38 Maine NextGen College Investing Plan - Client Direct Series 55.34
39 West Virginia SMART529 WV Direct 56.74
40 Maryland College Savings Plans of Maryland - College Investment Plan 58.00
41 Montana Pacific Life Funds 529 College Savings Plan (Direct-sold) MT 58.17
42 Alaska T. Rowe Price College Savings Plan 60.37
43 Oregon Oregon College Savings Plan 62.71
44 Ohio Ohio CollegeAdvantage 529 Savings Plan 62.74
45 South Dakota CollegeAccess 529 (Direct-sold) 66.30
46 North Carolina National College Savings Program 75.87
47 Rhode Island CollegeBoundfund (Direct-sold Alternative R) 76.67
48 New Mexico The Education Plan's College Savings Program (Direct-sold) 78.51
49 Alabama Higher Education 529 Fund (Direct-sold) 81.04
- Florida Florida College Investment Plan NA
- Hawaii Hawaii's College Savings Program NA
- Idaho Idaho College Savings Program (IDeal) NA
- Indiana CollegeChoice 529 Investment Plan (Direct-sold) NA
- Texas Texas College Savings Plan NA

NA = Not Applicable = Program does not have at least 3 portfolios with sufficiently-long performance under our ranking model.

The Savingforcollege.com Plan Composite Rankings are derived using the plans relevant portfolio performance in seven unique asset allocation categories. The asset allocation categories used are 100% Equity, 80% Equity, 60% Equity, 40% Equity, 20% Equity, 100% Fixed, and 100% Short Term. The plan composite ranking is determined by the average of its percentile ranking in the seven categories.

The performance data underlying these rankings represents past performance and is not a guarantee of future performance. Current performance may be lower or higher than the performance data used. A plan portfolio's investment return and principal value will fluctuate so that an investor's shares or units when redeemed may be worth more or less than their original cost. Investors should carefully consider plan investment goals, risks, charges and expenses, by obtaining and reading the plan's official program description before investing. Investors should also consider whether their of their beneficiary's home state offers any tax or other benefits that are available for investments only in such state's 529 plan.

Brokers please note: For internal use only and not for use with or to be shown to the investing public.

Disclaimer: Bankrate, Inc. shall not be liable for any errors or omissions in this report. Users should rely on official program disclosures.

For Broker Sold plan rankings, click here.

 

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