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[INFOGRAPHIC] College Savings Month Survey results
http://www.savingforcollege.com/articles/infographic-college-savings-month-survey-results-685
Posted: 2014-10-16
As part of our College Savings Month celebration this September, we surveyed 1,500 people researching college savings plans to find out what they feel are the most important factors when selecting a plan. The results showed that while many families chose their plan based on tax benefits offered, low administrative fees and a plan’s good reputation, there is still some confusion regarding state residency rules and 529 plans. Although 529 plans are operated by the states, you can invest in almost any plan no matter where you live. What’s more, savings in a 529 account can be spent on tuition at any public or private eligible institution – regardless of the state where your plan is administered. Remember, you can generally save with any state’s 529 plan to pay for any college!
Here's a quick look at some of our other survey findings:
EmbedAs part of our College Savings Month celebration this September, we surveyed 1,500 people researching college savings plans to find out what they feel are the most important factors when selecting a plan. The results showed that while many families chose their plan based on tax benefits offered, low administrative fees and a plan’s good reputation, there is still some confusion regarding state residency rules and 529 plans. Although 529 plans are operated by the states, you can invest in almost any plan no matter where you live. What’s more, savings in a 529 account can be spent on tuition at any public or private eligible institution – regardless of the state where your plan is administered. Remember, you can generally save with any state’s 529 plan to pay for any college!
Here's a quick look at some of our other survey findings:
EmbedIf you liked this post and think it would help others save for college, please share!
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Top 529 College Savings Plans
One-year rankings are based on a plan's average investment returns over the last 12 months.
State | Plan Name | |
---|---|---|
1 | Nevada | USAA 529 Education Savings Plan |
2 | Florida | Florida 529 Savings Plan |
3 | New Jersey | NJBEST 529 College Savings Plan |
Three-year rankings are based on a plan's average annual investment returns over the last three years.
State | Plan Name | |
---|---|---|
1 | South Dakota | CollegeAccess 529 (Direct-sold) |
2 | Wisconsin | Edvest 529 |
3 | Nevada | USAA 529 Education Savings Plan |
Five-year rankings are based on a plan's average annual investment returns over the last five years
State | Plan Name | |
---|---|---|
1 | Indiana | CollegeChoice 529 Direct Savings Plan |
2 | Florida | Florida 529 Savings Plan |
3 | Alaska | T. Rowe Price College Savings Plan |
10-year rankings are based on a plan's average annual investment returns over the last ten years.
State | Plan Name | |
---|---|---|
1 | West Virginia | SMART529 WV Direct College Savings Plan |
2 | South Carolina | Future Scholar 529 College Savings Plan (Direct-sold) |
3 | Ohio | Ohio's 529 Plan, CollegeAdvantage |