I’ve been doing quite a bit of poking around on this and I thought this would be a good place for other parents who are trying to save for college to share information.
In a nutshell, what I’ve learned can be summed up (very briefly) as follows.
There are three main sites for info on these plans:
morningstar.com (poke around… they have a free section on 529 plans) (sorta ratings - shows a chart rating the underlying funds. It doesn’t rate the plan itself.)
The more I read about the plans, the more I decided my decision would be based on Fees, Fund Manager and Options.
The more I dug into this, I came to the conclusion that Iowa has one of the best plans for me. They have low fees at 0.65%, they are managed by Vanguard and the options, while not overly expansive, should be enough for me.
A very close second was the Nevada plan. I just couldn’t pull the trigger on gambling on my kids’ college education in Nevada, though.
Does anyone have experiences or thoughts they’d like to share? What plan did you go with? Why?