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Is College America a good 529 plan?

CollegeAmerica is the nation's largest 529 savings plan,* with more than a million families invested. As a matter of fact, since 2004, CollegeAmerica has consistently been recognized as among America's best by Morningstar, a premiere investment research company.

Which state has the best performing 529 plan?

Top 10 performing 529 college savings plans RankStatePerformance Score1South Dakota6.922West Virginia18.253Wisconsin22.144Georgia23.406 more rows • 7 Jun 2022

Is the Virginia 529 plan good?

For most people, getting a Virginia 529 plan is a good idea. It charges low fees and gives you access to exclusive FDIC-insured investment options. It also allows you to use third-party advisors for more savvy investment options. Plus, it's the only way for Virginia residents to be eligible for state tax deductions.

What is an Oklahoma 529 account and what can the money be used for?

A wide range of qualified expenses \u2014 Eligible expenses include tuition for elementary or secondary public, private or religious schools, up to $10,000 per year, per student. Funds can also be used at colleges/universities, technical colleges, graduate programs and professional schools.

What is a CollegeAmerica account?

CollegeAmerica®, available only through financial professionals, allows you to save tax free for qualified higher education expenses, including tuition, mandatory fees, certain room and board costs, textbooks, supplies, and equipment required by a college for a student's enrollment.

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Is the Virginia 529 plan good?

For most people, getting a Virginia 529 plan is a good idea. It charges low fees and gives you access to exclusive FDIC-insured investment options. It also allows you to use third-party advisors for more savvy investment options. Plus, it's the only way for Virginia residents to be eligible for state tax deductions.

What state is college America 529?

CollegeAmerica is a nationwide plan sponsored by Virginia529\u2120.

Can 529 be used in any state college?

You can use a 529 plan from any state to pay for an eligible college in any state.

Can 529 money be used for anything?

Assets in a 529 can be used at any eligible institution of higher education. That includes not only four-year colleges and universities but also qualifying two-year associate degree programs, trade schools, and vocational schools\u2014both at home and abroad.

Can you use 529 money for groceries?

Food expenses and meal plans (which fall within the \u201cboard\u201d section of room and board) are a frequent use for 529 savings because of the ease of documentation. The funds can be used to buy groceries and other meals, so long as proper documentation of the receipts is maintained.

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