CollegeChoice 529 Direct Savings Plan
The CollegeChoice 529 Direct Savings Plan in Indiana offers unique features designed to help families save for education expenses. Managed by Ascensus College Savings, this plan provides a variety of investment options, including age-based portfolios and individual fund choices, allowing for customization based on risk tolerance and investment preferences. It stands out with its low investment minimums, making it accessible to a wide range of investors. The plan also offers potential state tax benefits for Indiana residents, including a state income tax credit on contributions, providing additional incentives to save for education. Moreover, the CollegeChoice 529 Direct Savings Plan offers convenient online account management.
EnrollState Tax Incentive
20% tax credit on contributions up to $5,000 ($1,000 maximum credit)
Program Manager
Ascensus
Investment Manager(s)
Vanguard, Schwab, Blackrock
Plan type
Direct
Investments
Guided Investments
target-enrollment-portfolios
ESG Investments
No
Avg. expense fee
0.275%
Fee Range
0.14%-0.34%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
63%
for IN residents
45%
non-residents
Saving For College
Unbiased, independent resource for parents.
5
for IN residents
4.5
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.
