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.
EnrollState 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.