Virginia 529 College Savings Plan

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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] In 2016, Morningstar gave Virginia's 529 a "silver" rating (on a scale of Gold-Silver-Bronze) based on its affiliation with CollegeAmerica and management by American Funds.[2] According to US News and 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."[3]

References

  1. ^ 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. ^ Skinner, Liz (20 October 2016). "Is your 529 plan one of the six that Morningstar just downgraded?". InvestmentNews. Retrieved 20 December 2016.
  3. ^ "Home > Investing > 529 Plans > Virginia > CollegeAmerica". US News & World Report Money (ranksings and advice). US News & World Report. Retrieved 20 December 2016.

External links