Virginia 529 College Savings Plan Explained

Virginia529 (VA 529) or Virginia529 College Savings Plan is the independent state agency responsible for Section 529 qualified tuition programs offered by the Commonwealth of Virginia.[1] Since 2018, Morningstar has named Virginia's Invest529 plan among the top 529 college savings plans in its annual analysis.[2] [3] [4] According to U.S. News & World Report, Virginia's 529 offers a "whopping" 27 funds and six multi-fund options in its static track. Further, US News reports that "Morningstar applauds the plan’s low costs, relative to other advisor-sold programs."[5]

Notes and References

  1. https://www.sec.gov/comments/s7-15-10/s71510-1062.pdf Letter from the chair and the CEO of the VCSP to the Secretary of the U.S. Securities and Exchange Commission dated 5 November 2010, "RE: SEC Release Nos. 33-9128; 34-62544; IC-29367 (July 21, 2010), 75 FR 47064 (August 4, 2010) Regarding Mutual Fund Distribution Fees and Transaction Confirmations"
  2. Web site: Acheson . Leo . Morningstar Names the Best 529 College Savings Plans for 2018 . Morningstar.com . 5 April 2019.
  3. Web site: Hume. Madeline. November 5, 2019. 529 Plan Ratings by State: Morningstar Names the Best Plans for 2019. July 27, 2020. Morningstar, Inc.. en.
  4. Web site: Hume. Madeline. October 27, 2020. The Top 529 College Savings Plans of 2020. 2020-10-29. Morningstar.com. en.
  5. Web site: Home > Investing > 529 Plans > Virginia > CollegeAmerica. U.S. News & World Report Money (ranksings and advice). U.S. News & World Report. 20 December 2016.

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