The 15 lowest-cost 529 savings plans
Worried about 529 plan fees? To ease your concerns about paying too much to save for college, here’s a list of the 15 lowest cost direct-sold plans, based on our latest annual 529 Fee Study, dated March 2020.
15. Minnesota – Minnesota College Savings Plan
529 plan fees
10 year costs on a $10,000 investment:
- Lowest cost options – $157
- Highest cost options – $309
Available to residents of any state
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14. New Mexico – The Education Plan’s College Savings Program
529 plan fees
10 year costs on a $10,000 investment:
- Lowest cost options – $154
- Highest cost options – $555
Available to residents of any state
13. Michigan – Michigan Education Savings Program
529 plan fees
10 year costs on a $10,000 investment:
- Lowest cost options – $154
- Highest cost options – $306
Available to residents of any state
12. West Virginia – SMART529 WV Direct College Savings Plan
529 plan fees
10 year costs on a $10,000 investment:
- Lowest cost options – $167
- Highest cost options – $481
Available to residents of any state
11. Virginia – Invest529
529 plan fees
10 year costs on a $10,000 investment:
- Lowest cost options – $142
- Highest cost options – $779
Available to residents of any state
10. New Hampshire – UNIQUE College Investing Plan (tie)
529 plan fees
10 year costs on a $10,000 investment:
- Lowest cost options – $141
- Highest cost options – $1,370
Available to residents of any state
9. Massachusetts U.Fund College Investing Plan (tie)
529 plan fees
10 year costs on a $10,000 investment:
- Lowest cost options – $141
- Highest cost options – $1,210
Available to residents of any state
8. Delaware – Delaware College Investment Plan (tie)
529 plan fees
10 year costs on a $10,000 investment:
- Lowest cost options – $141
- Highest cost options – $1,210
Available to residents of any state
7. Arizona – Fidelity Arizona College Savings Plan
529 plan fees
10 year costs on a $10,000 investment:
- Lowest cost options – $141
- Highest cost options – $1,210
Available to residents of any state
6. Illinois – Bright Start College Savings Program – Direct-sold Plan
529 plan fees
10 year costs on a $10,000 investment:
- Lowest cost options – $128
- Highest cost options – $1,029
Available to residents of any state
5. California – The ScholarShare College Savings Plan
529 plan fees
10 year costs on a $10,000 investment:
- Lowest cost options – $103
- Highest cost options – $691
Available to residents of any state
4. Texas – Texas College Savings Plan
529 plan fees
- Lowest cost options – $51
- Highest cost options – $1,211
Available to residents of any state
3. South Carolina – Future Scholar 529 College Savings Plan (Direct-sold)
529 plan fees
10 year costs on a $10,000 investment:
- Lowest cost options – $26
- Highest cost options – $318
Only available to residents of South Carolina
2. Florida – Florida 529 Savings Plan
529 plan fees
10 year costs on a $10,000 investment:
- Lowest cost options – $25
- Highest cost options – $758
Available to residents of any state
1. Louisiana – START Saving Program
529 plan fees
10 year costs on a $10,000 investment:
- Lowest cost options – $0
- Highest cost options – $389
Only available to residents of Louisiana
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