CollegeInvest Direct Portfolio College Savings Plan

The Direct Portfolio College Savings Plan in Colorado offers unique features that set it apart for families saving for education expenses. Managed by CollegeInvest, this plan allows participants to create a customized investment portfolio by selecting individual funds from a wide range of options. This flexibility enables investors to tailor their portfolios based on their risk tolerance and investment preferences. Additionally, the plan offers a high maximum contribution limit of up to $500,000 per beneficiary, providing families with ample opportunity to save for education costs. Moreover, the Direct Portfolio College Savings Plan provides potential state tax benefits for Colorado taxpayers, including a state income tax deduction on contributions.
EnrollState Tax Incentive
$20,700 single / $31,000 joint beneficiary
Program Manager
Ascensus
Investment Manager(s)
Vanguard
Plan type
Direct
Investments
Guided Investments
age-based
ESG Investments
Yes
Avg. expense fee
0.290%
Fee Range
0.20%-0.40%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
71%
for CO residents
45%
non-residents
Saving For College
Unbiased, independent resource for parents.
5
for CO residents
4
non-residents
Morningstar Rating
Once a year, the financial services firm Morningstar releases its 529 ratings.
Other
Connect with Mint.com
Track your finances in one place.
Yes
Connect with Backer
Full end to end enrollment, gifting and plan management.
Enrollment
Mobile app
Backer App covers this plan.
Yes
Plan in the news?
Check out latest news about this plan.
General Recommendation
This is a direct sold 529 plan, rated as bronze by Morningstar.