Virginia 529 College Savings Plans
Virginia operates a multi-manager, direct-sold 529 college savings program (Invest529) and an advisor-sold 529 plan (CollegeAmerica) utilizing American Funds. Both Virginia 529 plans are available to residents of any state. Virginia's prepaid tuition program (Prepaid529) closed to new enrollment as of April 30, 2019. The CollegeWealth program offered through Union Bank & Trust was closed during the first quarter of 2017.
More about each Virginia 529 plan is available in the following links.
Consumer Plans
Invest529
Invest529, Virginia's direct-sold college savings plan is available to residents of any state, and offers low fees, diverse investment options and tax benefits for residents.
Prepaid529
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....
Advisor Sold Plans
CollegeAmerica
Virginia's CollegeAmerica is an advisor-sold 529 plan that makes available a line-up target date fund portfolios, multi-fund portfolios, individual fund portfolios from American Funds through Class 529-A, 529-C, 529-E and 529-F-1 shares.
ABLE plans
ABLEnow
The ABLEnow Program allows eligible individuals to save for qualified disability expenses on a tax-advantaged basis without jeopardizing eligibility for federal means-tested benefits, such as Supplemental Security Income and Medicaid.
ABLEAmerica
American Funds offers ABLEAmerica, the first ABLE plan available through financial advisors for individuals with disabilities and their families.