CollegeAdvantage Direct 529 Savings Plan
Ohio's 529 Plan, known as CollegeAdvantage, is a comprehensive 529 plan designed to help families save for higher education expenses. One unique aspect of this plan is its wide range of investment options, including age-based portfolios and individual fund options, providing account holders with flexibility to customize their investment strategy. The plan offers tax advantages, such as tax-free growth and tax-free withdrawals for qualified education expenses. Ohio residents may also be eligible for a state income tax deduction for contributions made to the plan, further maximizing savings potential. CollegeAdvantage aims to provide families with a convenient and accessible way to save for their educational goals.
EnrollState Tax Incentive
$4,000 single / $4,000 joint beneficiary, unlimited carry-forward of excess contributions
Program Manager
Ohio Tuition Trust Authority
Investment Manager(s)
Vanguard, DFA
Plan type
Direct
Investments
Guided Investments
target-enrollment-portfolios
ESG Investments
No
Avg. expense fee
0.295%
Fee Range
0.30% to 0.40%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
73%
for OH residents
55%
non-residents
Saving For College
Unbiased, independent resource for parents.
4.5
for OH 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
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Check out latest news about this plan.
General Recommendation
This is a direct sold 529 plan, rated as silver by Morningstar.
