Compare 529 Plans by Features

Plan

Does the sponsoring state exclude the value of an account for state financial aid purposes?

No

No,, but California excludes 529 plans when considering eligibility for Medi-Cal.

DC College Savings Plan

District of Columbia

No

Florida Prepaid College Plans are not considered when determining eligibility for state financial aid programs.

Florida 529 Savings Plans to do not impact Florida Bright Futures Scholarship Awards (the primary state financial aid program in Florida).

KY Saves 529

Kentucky

Yes

U.Plan

Massachusetts

No

Yes, the account is excluded for purposes of determining eligibility for a grant, scholarship, or work opportunity based on need and offered or administered by a state agency.

Yes, by state regulation.

Yes, by state regulation.

Scholar's Edge

New Mexico

Yes

NC 529 Plan

North Carolina

No

No

Oklahoma 529

Oklahoma

Effective November 1, 2008, money in an Oklahoma 529 plan account is no longer considered in calculating eligibility for TANF, Food Stamps or the Low Income Home Energy Assistance Program (LIHEAP).

Effective November 1, 2008, money in an Oklahoma 529 plan account is no longer considered in calculating eligibility for TANF, Food Stamps or the Low Income Home Energy Assistance Program (LIHEAP).

Not applicable. Not a state-sponsored program

my529

Utah

No

No, however the account is treated as an asset of the student's parent and not as an asset of the beneficiary

No

Invest529

Virginia

No

Yes, Prepaid Tuition accounts may be considered when determining eligibility for State financial aid programs. Check with the financial aid office of an Eligible Educational Institution for more information.

SMART529 Select

West Virginia

Yes

Yes

Edvest 529

Wisconsin

Yes