Prepaid529

Prepaid529 is a unique 529 college savings plan offered by Virginia that focuses on prepaying future tuition costs at today's prices. With this plan, families have the opportunity to lock in tuition rates at participating Virginia public colleges and universities. This feature shields account holders from potential tuition increases, providing financial security and peace of mind. Prepaid529 also offers flexibility, allowing funds to be used at out-of-state or private colleges, although there may be limitations or additional costs in those cases. This plan offers a distinctive way for families to plan ahead and save for future higher education expenses, mitigating the impact of rising tuition costs.

Enroll

State Tax Incentive

$4,000; fully deductible if 70 or older for individual and joint accounts

Program Manager

Virginia529 Board

Investment Manager(s)

Various

Plan type

Direct

Investments

Guided Investments

N/A

ESG Investments

No

Avg. expense fee

0.650%

Fee Range

N/A

Ratings

Backer Rating

Our rating is based on fees and tax savings advantages.

43%

for VA residents

25%

non-residents

Other

Connect with Mint.com

Track your finances in one place.

No

Connect with Backer

Full end to end enrollment, gifting and plan management.

Gifting Only

Mobile app

Backer App covers this plan.

No

General Recommendation

This is a direct sold 529 plan, not rated by Morningstar.