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2009 Reviews of 529 College Savings Plans

Best College Savings Plan
  • Ohio CollegeAdvantage.
  • Indiana CollegeChoice 529 Direct Savings Plan.
  • Utah Educational Savings Plan Trust.
  • Virginia Education Savings Trust.
  • Virginia College America 529 Savings Plan.
Worst College Savings Plan
  • Nebraska State Farm College Savings Plan.
  • New Jersey Best 529 College Savings Plan.
  • Montana Pacific Life Funds 529 College Savings Plan.
  • Ohio Putnam CollegeAdvantage.
  • Nebraska AIM College Savings Plan.
Couple of testimonials for Top rated Ohio 529 Plan
Morningstar rates Ohio's 529 plan as "Top 5" college savings plan in the nation
Morningstar Inc., a leading provider of independent investment research, has named Ohio’s CollegeAdvantage 529 direct plan as one of the top five college savings plans in the nation in a report that was released April 23, 2009. In reviewing the Ohio direct plan Morningstar stated that “the strong investment options, low costs, and good flexibility make this plan tough to beat for Ohio residents.”

The Wall Street Journal praises Ohio's bank options
Ohio's 529 bank options were recently noted in the Wall Street Journal's "The Intellegent Investor" column written by Jason Zwieg on March 20, 2009. Zwieg mentions Ohio bank options in the column: "For young children, consider the remarkable deal offered by Ohio's 529; Federally insured certificates of deposit from Fifth Third Bancorp with maturities of up to 12 years at yields as high as 5%. But it is tough to beat a risk-free 5% return exempt from federal income tax. What a tragedy that more states didn't offer similar options before it was too late."

1 comments:

stave olion said...

Happen to be trying to find this and learned a lot more than expected post. Thanks.
College Savings Plan

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