529 PLANS

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Plan	Summary:	State residency requirements:
Prepaid Affordable College Tuition (PACT) Program Alabama	Alabama's Prepaid Affordable College Tuition (PACT) Program suspended its enrollment in 2009 and new applications are no longer being accepted. The program has offered a four-year package and one-year package covering tuition and fees at any Alabama public college or university, convertible to private and non-Alabama institutions based on a formula. Alabama residents have alternatives with the CollegeCounts direct-sold and advisor-sold plans. See all Alabama 529 plans here.	None
Florida Prepaid College Plan Florida	The largest and one of the oldest prepaid tuition plans in the country, Florida Prepaid College Plan is helping over one million Florida families save and lock in the future cost of attending Florida's public institutions.	The beneficiary or the parent/guardian must have been a Florida resident for the 12 months prior to enrollment. The beneficiary must be within the age/grade requirements for the selected plan.
College Illinois! 529 Prepaid Tuition Program Illinois	College Illinois! was established to make college accessible and affordable for Illinois students and families. With a College Illinois! 529 Prepaid Tuition Plan, families can lock in the cost of college and enjoy great tax benefits by prepaying for semesters of college tuition at today�s plan rates.	The account owner or beneficiary must be an Illinois resident for at least 12 months prior to application.
Kentucky's Affordable Prepaid Tuition (KAPT) Kentucky	Kentucky's Affordable Prepaid Tuition (KAPT) plan was closed to new enrollments in 2004. Participants could choose one of three KAPT packages: Value, Standard, or Premium. The first two are designed to lock in tuition at Kentucky public institutions, while the Premium plan is geared toward private college tuition rates. The program closed to new enrollment in 2004. Kentucky residents may invest in the Kentucky Education Savings Plan Trust. See all Kentucky plans here.	The beneficiary must be a Kentucky resident at the time of program enrollment or have an intention to attend a Kentucky institution.
Maryland 529 -- Prepaid College Trust Maryland	The College Savings Plans of Maryland -- Prepaid College Trust offers a variety of tuition packages to Maryland and District of Columbia families.	The account holder or beneficiary must be a Maryland or District of Columbia resident at the time of program enrollment.
U.Plan Massachusetts	The Massachusetts U.Plan, not a true 529 plan, issues Massachusetts general obligation bonds (federal and MA state tax-free) which will be accepted at participating Massachusetts institutions in payment of tuition.	None
Michigan Education Trust Michigan	The Michigan Education Trust prepaid tuition program offers several options to the Michigan family to lock in tuition at Michigan public institutions. What makes this program different than most is that contributions are irrevocable.	The beneficiary must be a Michigan resident at the time of program enrollment.
Mississippi Prepaid Affordable College Tuition (MPACT) Program Mississippi	Mississippi Prepaid Affordable College Tuition (MPACT) Program offers a variety of tuition packages to Mississippi families. It was closed to new enrollment in 2012, pending results of an acutarial audit and reopened to new enrollees on October 1, 2014. Contracts purchased prior to October 1, 2014 are referred to as "Legacy Contracts"; contracts purchased on or after October 1, 2014 are referred to as "Horizon Contracts".	The account owner or beneficiary must be a Mississippi resident at the time of program enrollment.
Nevada Prepaid Tuition Program Nevada	Nevada Prepaid Tuition Program prepaid tuition program offers a variety of tuition packages to Nevada families and University of Nevada alumni.	The account owner or beneficiary must be a Nevada resident or account owner must be an alumnus of a Nevada college or university.
Private College 529 Plan Other	Formerly known as Independent 529 Plan, the Private College 529 Plan is the only private-college-run 529 plan in the country, this prepayment program allows families to lock in tuition at any of its 280-plus participating private colleges.	None
South Carolina Tuition Prepayment Program South Carolina	The South Carolina Tuition Prepayment Program has been closed to new enrollments until further action by the South Carolina General Assembly. The program offered two-year or four-year tuition packages to South Carolina families. South Carolina residents have alternatives with the Future Scholar 529 direct-sold and advisor-sold plans. See all South Carolina 529 plans here.	The beneficiary must be a South Carolina resident for at least 12 months prior to program enrollment .
Texas Guaranteed Tuition Plan Texas	The Texas Guaranteed Tuition Plan, a prepaid tuition plan has stopped accepting new enrollments. However, Texas residents have alternatives including the Texas Tuition Promise Fund, a unit-based prepaid plan that enables families to prepay future tuition and mandatory fees at Texas public institutions. See all Texas 529 plans here.	The beneficiary must be a Texas resident for at least 12 months prior to application or a non-resident child of an account owner who is a Texas resident.
Prepaid529 Virginia	Virginia's Prepaid529 offers a variety of tuition packages to Virginia families.	The account owner, beneficiary, or parent of a non-resident beneficiary at the time of program enrollment must be a Virginia resident or member of the U.S. military who is either stationed in Virginia or who claims Virginia as home of record .
SMART529 Prepaid Tuition Plan West Virginia	The West Virginia SMART529 Prepaid Tuition Plan which is a prepaid tuition plan has stopped accepting new enrollments and its future has not been settled. West Virginia residents have alternatives with the SMART529 Direct, SMART529 Select and The Hartford SMART529 plans. See all West Virginia 529 plans here.	The account owner or beneficiary must be a West Virginia resident at the time of purchase.

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	South Dakota	CollegeAccess 529 (Direct-sold)
2	Nevada	The Vanguard 529 Savings Plan
3	California	ScholarShare 529

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