Compare 529 Plans by Features

Plan

Program match on contributions

There is no federal income tax on qualified withdrawals. For federal gift and estate tax purposes, contributions from third parties are generally considered completed gifts to the beneficiary. Contributions to an ABLE Account may also be eligible for the Saver’s Credit under Section 25B(d)(1) of the IRS Code. Contributions are subject to the annual federal gift tax exclusion. There are no Alabama state income taxes due on investment earnings on qualified withdrawals.

None, however the state offers a tuition-value guarantee for University of Alaska students invested in the University of Alaska Portfolio.

AZ ABLE

Arizona

None

AR ABLE

Arkansas

None

The Aspiring Scholars Matching Grant Program program was discontinued as of January 1, 2017 and is no longer available to new account owners. Beginning in 2008, the program provided matching grants of up to $500 annually to eligible Arkansas families, based on household income level. Account owners with matching grant accounts may continue to access matching grant funds for qualified withdrawals until the funds have been exhausted.

None.

CalABLE

California

None

The 2021 Matching Grant Program offers a dollar-for-dollar match contribution of up to $200 on new accounts. Families that establish a monthly automatic contribution plan of $25 or more are eligible for a $25 bonus. Eligible parents/guardians must be California residents at enrollment, have a valid social security number or a federal tax ID number, and have an adjusted gross annual income of $75,000 or less.

None

The Matching Grant Program provides a dollar-for-dollar match of up to $500 in contributions for lower- to middle-income Colorado residents to accounts with an eligible beneficiary (a dependent under age 13 at the time of initial application). Applications are accepted each year between September 1 and December 31. The match can extend for a maximum five years. Matching grants for future years are subject to continued funding by the sponsor. The CollegeInvest 529 Scholarship provides a $2,000 scholarship to any full-time student who is a Colorado resident, has maintained or has had a parent/guardian maintain a CollegeInvest account for at least four years, and can substantiate an expected family contribution (EFC) up to $45,000. The scholarship is renewable each year up to a total of four years or $8,000. Applications are accepted August 3, 2020 through September 30, 2020.

In addition, First Step, a kickstarter savings program gives every child born or adopted in the State of Colorado, beginning on January 1, 2020, a $100 contribution to their CollegeInvest 529 college savings account.

The Matching Grant Program provides a dollar-for-dollar match of up to $500 in contributions for lower- to middle-income Colorado residents to accounts with an eligible beneficiary (a dependent under age 13 at the time of initial application). Applications are accepted each year between September 1 and December 31. The match can extend for a maximum five years. Matching grants for future years are subject to continued funding by the sponsor. The CollegeInvest 529 Scholarship provides a $2,000 scholarship to any full-time student who is a Colorado resident, has maintained or has had a parent/guardian maintain a CollegeInvest account for at least four years, and can substantiate an expected family contribution (EFC) up to $45,000. The scholarship is renewable each year up to a total of four years or $8,000. Applications are typically accepted during the months of August and September.

The Matching Grant Program provides a dollar-for-dollar match of up to $500 in contributions for lower- to middle-income Colorado residents to accounts with an eligible beneficiary (a dependent under age 13 at the time of initial application). Applications are accepted each year between September 1 and December 31. The match can extend for a maximum five years. Matching grants for future years are subject to continued funding by the sponsor. The CollegeInvest 529 Scholarship provides a $2,000 scholarship to any full-time student who is a Colorado resident, has maintained or has had a parent/guardian maintain a CollegeInvest account for at least four years, and can substantiate an expected family contribution (EFC) up to $45,000. The scholarship is renewable each year up to a total of four years or $8,000. Applications are accepted August 3, 2020 through September 30, 2020.

The Matching Grant Program provides a dollar-for-dollar match of up to $500 in contributions for lower- to middle-income Colorado residents to accounts with an eligible beneficiary (a dependent under age 8 at the time of initial application). Applications are accepted each year between October 15 and December 31. The match can extend for a maximum five years. Matching grants for future years are subject to continued funding by the sponsor. The CollegeInvest 529 Scholarship provides a $2,000 scholarship to any full-time student who is a Colorado resident, has maintained or has had a parent/guardian maintain a CollegeInvest account for at least four years, and can substantiate an expected family contribution (EFC) up to $45,000. The scholarship is renewable each year up to a total of four years or $8,000. Applications are accepted August 3, 2020 through September 30, 2020.

ABLE CT

Connecticut

None

The CHET Baby Scholars program closed to new account owners as of July 1, 2021. CHET Advisor plan account owners who enrolled and meet the eligibility requirements of the Baby Scholars Program prior to July 1, 2021, are eligible for a one-time $100 contribution to families that open a 529 college savings account by an eligible child's first birthday or within the first year after an adoption. A beneficiary is eligible for only on $100 contribution regardless of the number of CHET 529 accounts opened. Families that save an additional $150 in the first four years will receive a state match of $150, for a total of $250 in state funds.

The CHET Baby Scholars program provides a one-time $100 contribution to families that open a 529 college savings account by an eligible child's first birthday or within the first year after an adoption. A beneficiary is eligible for only on $100 contribution regardless of the number of CHET 529 accounts opened. Families that save an additional $150 in the first four years will receive a state match of $150, for a total of $250 in state funds.

DEPENDABLE

Delaware

None

DC ABLE

District of Columbia

None

DC College Savings Plan

District of Columbia

None.

None

None

Illinois will automatically deposit a $50 seed deposit into a 529 college savings account for every child born or adopted in the state beginning in 2021.

None

None

The Kansas Investments Developing Scholars (K.I.D.S.) Matching Grant Program was developed for Kansas residents with incomes less than 200% of the federal poverty level. The State of Kansas will match the first $600 that Account Owners contribute to a Learning Quest Advisor account for each beneficiary eligible year of eligibility. Applications are limited to 1200 per year and are processed on a first-come first-served basis. Applications and contributions must be received by December 31 each year.

The Kansas Investments Developing Scholars (K.I.D.S.) Matching Grant Program was developed for Kansas residents with incomes less than 200% of the federal poverty level. The State of Kansas will match the first $600 that Account Owners contribute to a Learning Quest Advisor account for each beneficiary eligible year of eligibility. Applications are limited to 1200 per year and are processed on a first-come first-served basis. Applications and contributions must be received by December 31 each year.

KY Saves 529

Kentucky

None.

None

LA ABLE

Louisiana

None

The state provides an earnings enhancement equal to 2% to 14% (depending on income) of a Louisiana participant's contributions when the account is used for qualifying expenses.

As of 1/1/2020, new Maine accounts may be eligible to receive a $100 Initial Matching Grant when the account is opened and funded with at least $25 by 12/31/2021 (one grant per eligible beneficiary, no income limitations). The NextStep Matching Grant provides a 30% match on contributions up to a $300 grant per year (one grant per eligible beneficiary, no income limitations). A $100 Automated Funding Grant is available for accounts that make six consecutive contributions in an amount of at least $25, no less frequently than quarterly, through an automated funding option (one grant per beneficiary, no income limitations). Separately, if a beneficiary is eligible for the $500 Alfond Grant, the initial contribution is waived when a NextGen account is opened. As of 1/1/2020, new accounts opened and funded with $25 before 12/31/2021 may also be eligible for the $100 Initial Matching Grant. Grants for Maine residents may be used on behalf of the beneficiary at an eligible institution of higher education only. Grants may lose value.

As of 1/1/2020, new Maine accounts may be eligible to receive a $100 Initial Matching Grant when the account is opened and funded with at least $25 by 12/31/2021 (one grant per eligible beneficiary, no income limitations). The NextStep Matching Grant provides a 30% match on contributions up to a $300 grant per year (one grant per eligible beneficiary, no income limitations). A $100 Automated Funding Grant is available for accounts that make six consecutive contributions, no less frequently than quarterly, through an automated funding option (one grant per beneficiary, no income limitations). Separately, if a beneficiary is eligible for the $500 Alfond Grant, the initial contribution is waived when a NextGen account is opened. As of 1/1/2020, new accounts opened and funded with $25 before 12/31/2021 may also be eligible for the $100 Initial Matching Grant. Grants for Maine residents may be used on behalf of the beneficiary at an eligible institution of higher education only. Grants may lose value.

Save4College State Contribution Program:
Individuals who open or have opened a new Maryland 529 -- College Investment Plan after December 31, 2016, file an application between January 1 and May 31 and make at least the minimum contribution to the account, may receive a $250 or $500 contribution by the state. To be eligible, the beneficiary must be a Maryland resident. For account holders with Maryland taxable income of less than $87,500 (if filing state taxes for an individual) or less than $125,000 (for a married couple filing a joint state tax return) the state would contribute $500 per beneficiary. For account holders with Maryland taxable income of at least $87,500 but no greater than $112,500 for an individual or at least $125,000 but no greater than $175,000 for a married couple filing a joint return the state would contribute $250. You must make the minimum contribution of $25, $100, or $250, based on your household income, between July 1 and November 1. If you receive a state contribution for a beneficiary in a given year, you are not eligible in that year for the state income deduction for contributions that you made for that beneficiary.

None

None

BabySteps MA (formerly known as SeedMA Baby) is an expansion of the SeedMA initiative started in 2016. Beginning in January 2020, every baby born to or adopted by a Massachusetts resident is eligible for a free $50 seed deposit into a U.Fund 529 college savings account.

U.Plan

Massachusetts

None.

None.

MiABLE

Michigan

None

Michigan matching grants based on MESP contributions were discontinued for the 2009-2010 year. In prior years, a Michigan resident with adjusted gross income of $80,000 or less and a beneficiary under seven years old could apply for a one-time matching grant of $1 for every $3 contributed, up to a maximum $200 grant.

None

Minnesota no longer offers a matching grant. For years prior to 2011, a 15% or 10% matching grant of up to $400 per year was available to Minnesota residents, subject to income limitations.

Mississippi ABLE

Mississippi

None

MO ABLE

Missouri

None

The MOST Matching Grant Program has been discontinued.

None.

None

The Meadowlark Savings Pledge provides eligible Nebraska newborns with a NEST savings account for education expenses. Any baby born on or after January 1, 2020, who is a resident of Nebraska at the time of birth is eligible to receive a Meadowlark seed contribution of $50. Babies are enrolled in the program in the spring following their year of birth.

The Meadowlark Savings Pledge provides eligible Nebraska newborns with a NEST savings account for education expenses. Any baby born on or after January 1, 2020, who is a resident of Nebraska at the time of birth is eligible to receive a Meadowlark seed contribution of $50. Babies are enrolled in the program in the spring following their year of birth.

The Meadowlark Savings Pledge provides eligible Nebraska newborns with a NEST savings account for education expenses. Any baby born on or after January 1, 2020, who is a resident of Nebraska at the time of birth is eligible to receive a Meadowlark seed contribution of $50. Babies are enrolled in the program in the spring following their year of birth.

The Meadowlark Savings Pledge provides eligible Nebraska newborns with a NEST savings account for education expenses. Any baby born on or after January 1, 2020, who is a resident of Nebraska at the time of birth is eligible to receive a Meadowlark seed contribution of $50. Babies are enrolled in the program in the spring following their year of birth.

None

The Silver State Matching Grant Program provides a maximum $300 annual matching contribution ($1,500 lifetime maximum) for each beneficiary from a Nevada family with prior-year AGI of $74,999 or less. The account owner must also be a Nevada resident. Applications are accepted each year from April 1 through July 31.

The USAA Distinguished Valor Matching Grant Program matches up to a lifetime maximum of $1,500 of contributions to this 529 plan with an annual maximum match of $300. The account owner or the beneficiary must be a Nevada resident at the time the grant application is submitted. Grant applicants may apply under two categories: 1) the account owner must serve currently on active duty in the U. S. military and have an adjusted gross household income of less than $95,000, and the beneficiary must be a child of the Account Owner and be under the age of 13, or 2) the account owner or the account owner's spouse must be the recipient of a Purple Heart in either Operation Enduring Freedom or Iraqi Freedom (service beginning October 7, 2001 and ending August 31, 2010), and the beneficiary must be a child or the spouse of the Purple Heart recipient.

None.

None

There is no program match, however New Jersey beneficiaries are eligible for a one-time scholarship of up to $1,500 for the first semester at any New Jersey college or university subject to minimum participation and contribution requirements.

NJ ABLE

New Jersey

None

There is no program match, however New Jersey beneficiaries are eligible for a one-time scholarship of up to $3,000 for the first semester at any New Jersey college or university subject to minimum participation and contribution requirements.

ABLE New Mexico

New Mexico

None

Scholar's Edge

New Mexico

None.

NY ABLE

New York

None

NC 529 Plan

North Carolina

None.

The NC ABLE Program

North Carolina

None

The BND Match Program provides a one-time match of contributions up to $300 per beneficiary for North Dakota participants and active duty military families with incomes below $80,000 (single) or $120,000 (joint). Contributions within 12 months of the account opening are eligible for the match. The beneficiary must be 15 years of age or younger. For participants with incomes below $60,000 (single) or $80,000 (joint), the match is available for an additional two years.

New Baby Match provides a North Dakota resident child 12 months or younger to be considered for a grant in the amount of $200. New Baby Match participants must enroll in CollegeSAVE and contribute $200 prior to the child's first birthday to qualify for the match.

Kindergarten Kickoff Match is a grant program that allows North Dakota children 5 or 6 years of age to be considered for a dollar for dollar match amount of up to $100. There are no family income restrictions.

The BND Match Program provides a one-time match of contributions up to $300 per beneficiary for North Dakota participants and active duty military families with incomes below $80,000 (single) or $120,000 (joint). Contributions within 12 months of the account opening are eligible for the match. The beneficiary must be 15 years of age or younger. For participants with incomes below $60,000 (single) or $80,000 (joint), the match is available for an additional two years.

New Baby Match provides a North Dakota resident child 12 months or younger to be considered for a grant in the amount of $200. New Baby Match participants must enroll in CollegeSAVE and contribute $200 prior to the child's first birthday to qualify for the match.

Kindergarten Kickoff Match is a grant program that allows North Dakota children 5 or 6 years of age to be considered for a dollar for dollar match amount of up to $100. There are no family income restrictions.

None

None

The Oregon Baby Grad Program will provide a one-time contribution of $25 to families that open an Oregon College Savings Plan account by their child's first birthday. The child must be an Oregon resident.

Under the Kinder Grad incentive program, when an Oregon College Savings Plan account is opened during 2019 or 2020 for an Oregon kindergartener who doesn't already have an account, $25 will automatically be deposited to the account within three months.

The Oregon Scholars program allows the Oregon College Savings Plan to partner with state colleges and universities to offer incentives to Oregonians saving for education. Partnering universities reward savings by offering additional cost savings when attending their schools.

PA ABLE

Pennsylvania

None

Match available for Pennsylvania low-income families (200% of the federal poverty level or 80% of the area median income) participating in the Family Savings Account Program offered through the Pennsylvania Department of Community and Economic Development.

None., The Pennsylvania Treasury Department invests $100 for every child born in the Commonwealth via the Keystone Scholars program. Parents have until a child's first birthday to claim the $100 Keystone Baby Scholars investment by registering online or calling 1-800-440-4000.

Children born to or adopted by Rhode Island families are eligible for a $100 "CollegeBoundbaby" grant to be used for Qualified Expenses if the request is received by the Treasurer within one (1) year of their birth or adoption.

Children born to or adopted by Rhode Island families are eligible for a $100 "CollegeBoundbaby" grant to be used for Qualified Expenses if the request is received by the Treasurer within one (1) year of their birth or adoption.

RI's ABLE

Rhode Island

None

ABLE TN

Tennessee

None

Under the Tennessee Investments Preparing Scholars Program (TIPS), eligible families can receive a matching contribution of $100 for a minimum $25 investment, or $500 for a minimum $125 investment. Beneficiaries can receive a maximum match of $500 per year for up to three years.

None

None

my529

Utah

None

None

ABLEAmerica

Virginia

None

ABLEnow

Virginia

None

None.

Invest529

Virginia

None.

SMART529 Select

West Virginia

The SMART529 Bright Babies Program (effective 8/1/15) provides a one-time incentive contribution in the amount of $100 per designated beneficiary born or adopted on or after 1/1/15. The designated beneficiary must be a resident of West Virginia and the account must be opened within one year of the birth/adoption date.

The SMART529 Matching Grant Program (discontinued for new applications as of 8/31/15) provides matching grants to eligible West Virginia families in an amount up to $500 per designated beneficiary per year, up to a lifetime maximum of $2,500 per designated beneficiary, with a dollar for dollar match.

The SMART529 Bright Babies Program (effective 8/1/15) provides a one-time incentive contribution in the amount of $100 per designated beneficiary born or adopted on or after 1/1/15. The designated beneficiary must be a resident of West Virginia and the account must be opened within one year of the birth/adoption date.

The SMART529 Matching Grant Program (discontinued for new applications as of 8/31/15) provides matching grants to eligible West Virginia families in an amount up to $500 per designated beneficiary per year, up to a lifetime maximum of $2,500 per designated beneficiary, with a dollar for dollar match.

The SMART529 Bright Babies Program (effective 8/1/15) provides a one-time incentive contribution in the amount of $100 per designated beneficiary born or adopted on or after 1/1/15. The designated beneficiary must be a resident of West Virginia and the account must be opened within one year of the birth/adoption date.

The SMART529 Matching Grant Program (discontinued for new applications as of 8/31/15) provides matching grants to eligible West Virginia families in an amount up to $500 per designated beneficiary per year, up to a lifetime maximum of $2,500 per designated beneficiary, with a dollar for dollar match.

WV ABLE

West Virginia

None

Edvest

Wisconsin

None.

WY ABLE

Wyoming

None