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529 Plans: Prepaid Tuition Plans

This table provides information on 529 prepaid tuition plans that are currently accepting new enrollments. The first section covers state-sponsored plans; the second covers college-sponsored plans.

Note: Investors should consider the investment objectives, risks, charges, and expenses associated with 529 plans before investing. More information about 529 plans is available in each issuer's official statement, which should be read carefully before investing. Also, before investing, consider whether your state offers a 529 plan that provides residents with favorable state tax benefits.

State-Sponsored Prepaid Tuition Plans
State Name of plan, manager, contact information Residency restrictions Contribution limit State tax benefits
FL Florida Prepaid College Plan Florida Prepaid College Board
myfloridaprepaid.com
(800) 552-4723
Beneficiary or parent/guardian must be a Florida resident for at least 12 months prior to enrollment $45,367 for a four-year contract for newborn Florida has no state income tax
IL College Illinois! 529 Prepaid Tuition Program
Illinois Student Assistance Commission
collegeillinois.com
(877) 877-3724
Account owner or beneficiary must be an Illinois resident for at least 12 months prior to enrollment $108,876 for a nine-semester contract purchased in lump sum for 9th grader or older Qualified withdrawals are tax free, and contributions to in-state plan are deductible, up to a cap
MD College Savings Plans of Maryland - Prepaid College Trust
College Savings Plans of Maryland
collegesavingsmd.org
(888) 463-4723
Account owner or beneficiary must be a Maryland or District of Columbia resident at time of enrollment $48,295 for a five-year contract purchased in lump sum for 9th grader Qualified withdrawals are tax free, and contributions to in-state plan are deductible, up to a cap, with an unlimited carryover of excess contributions
MA U.Plan
Massachusetts Educational Financing Authority
mefa.org
(800) 449-6332
Note: This plan does not meet the requirements of Section 529 of the Internal Revenue Code
Open to all Cost of tuition and fees for four years at the highest-cost participating institution The U.Plan issues Massachusetts general obligation bonds that are exempt from federal and state income tax
MI Michigan Education Trust
MET Board of Directors and Treasury Department
met4kid.com
(800) 638-4543
Beneficiary must be a Michigan resident at time of enrollment $59,280 for a four-year contract purchased in lump sum after 10th grade Qualified withdrawals are tax free, and all contributions to in-state plan are deductible
MS Mississippi Prepaid Affordable College Tuition (MPACT) Program
Mississippi Treasury Department
treasury.state.ms.us
(800) 987-4450
Account owner or beneficiary must be a Mississippi resident at time of enrollment $27,742 for a five-year contract purchased in lump sum for 12th grader Qualified withdrawals are tax free, and all contributions to in-state plan are deductible
NV Nevada Prepaid Tuition Program
State Treasurer
nevadatreasurer.gov/PrepaidTuition
(888) 477-2667
Account owner or beneficiary must be a Nevada resident, or account owner must be an alumnus of a Nevada college at time of enrollment $20,950 for a four-year contract purchased in lump sum for 9th grader Nevada has no state income tax
PA Pennsylvania 529 Guaranteed Savings Plan
State Treasury
makecollegepossible.com
(800) 440-4000
Account owner or beneficiary must be a Pennsylvania resident at time of enrollment $368,600 Qualified withdrawals are tax free, and contributions to any state's 529 plan are deductible, up to a cap
TN Tennessee's BEST Prepaid College Tuition Plan
State Treasurer
treasury.tn.gov/best
(888) 486-2378
Account owner or beneficiary must be a Tennessee resident at time of enrollment $235,000 Tennessee has no state income tax
TX Texas Tuition Promise Fund
Texas Prepaid Higher Education Tuition Board
texastuitionpromisefund..com
(800) 455-4723
Beneficiary must be a Texas resident or have a parent who is a Texas resident and the account owner at time of enrollment $62,040 for lump sum contract Texas has no state income tax
VA Virginia Prepaid Education Program (VPEP)
Virginia College Savings Plan
virginia529.com
(888) 567-0540
Account owner, beneficiary, or parent of a nonresident beneficiary must be a Virginia resident or member of U.S. military who is stationed in Virginia at time of enrollment $59,390 for a five-year contract purchased in lump sum for a newborn Qualified withdrawals are tax free, and contributions to in-state plan are deductible, up to a cap, with an unlimited carryover of excess contributions
WA Guaranteed Education Tuition (GET)
Washington State Higher Education Coordinating Board
get.wa.gov
(800) 955-2318
Account owner or beneficiary must be a Washington resident at time of enrollment $58,500 for 500 units Washington has no state income tax
Private College-Sponsored Prepaid Tuition Plans
Private College 529 Plan
Tuition Plan Consortium, LLC
privatecollege529plan.org
(888) 718-7878
Open to all Cost of five years full-time undergraduate tuition and mandatory fees at highest-cost participating institution Varies from state to state; contact a tax professional