Virginia529 College Savings Programs among Best in US
Did you know Virginia has two of the best college savings programs available?
In October, Virginia529 College Savings Plan received national recognition for two programs, inVEST and CollegeAmerica. The programs are among only eight receiving the highest praise from independent research firm Morningstar in 2014.
The awards mean Virginia families looking to avoid student loan debt by saving in advance can be assured that they are getting the most “reasonable fees, strong investment options, and capable oversight” when they choose Virginia529.
inVEST and CollegeAmerica are investment-based college savings programs similar to 401(k) plans for retirement savings.
Families can enroll in inVEST at Virginia529.com, selecting from a menu of investment portfolio options managed by highly-regarded investment groups such as Vanguard, American Funds and Aberdeen. The minimum contribution to open an inVEST account is $25.
Those who require additional assistance with financial decisions may prefer CollegeAmerica, which is available from authorized financial advisors. CollegeAmerica features investment options from American Funds and is Morningstar’s highest ranked advisor-sold plan in 2014.
Learn more about Virginia529 or read the 2014 review of the 64 largest 529 college savings plans.
