Our experts choose the best products and services to help make smart decisions with your money (here's how). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.
Alyssa Powell/Insider
You can invest in 529 plans to save toward educational expenses like tuition, books and supplies, and other education costs. These tax-advantaged accounts are like custodial investment accounts since they let parents or guardians invest on the behalf of children.
While they have contribution limits, your investment earnings grow tax-free, and you can make tax-free withdrawals whenever you need to.
The difference between 529 plans and custodial accounts, however, is that 529 plans are reserved strictly for education. The account's earnings aren't just limited to college/university costs; you can also use them on elementary, middle, and high school expenses. Plus, while 529 plan benefits vary by state (i.e., states have different, annual fees, maximum contribution limits and tax deduction limits), you can invest in another state's 529 plan as long as it doesn't require state residency.
However, there are generally two different types: direct-sold and broker-sold. You can purchase direct-sold 529 plans through investment platforms like Fidelity and other online brokerages. Broker-sold 529 plans are offered by advisors and typically cost more.
See Insider's picks for the best online brokerages >>
Below is a list of direct-sold 529 plans by state:
| STATE* | PLAN | MIN. CONTRIBUTION | FEES | MAX CONTRIBUTION |
| Alabama | CollegeCounts 529 Fund | $0 | 0.17% management fee | $475,000 |
| Alaska | Alaska 529 | $25 | 0.05% management fee | $475,000 |
| Arizona | AZ529 | $0 | Up to 0.17% management fee | $531,000 |
| Arkansas | Arkansas Brighter Future 529 | $25 | None for in-state residents; $20 for out-of-state residents, Up to 0.48% management fee | $500,000 |
| California | Scholarshare 529 | $0 | 0.06% management fee | $529,000 |
| Colorado | CollegeInvest Direct Portfolio College Savings Plan | $25 | $0 in-state residents; $20 out-of-state residents, up to 0.29% mangement fee | $500,000 |
| Connecticut | Connecticut Higher Education Trust | $0 | $20 per month, waived for automatic contributions of $50/month, 0.20% management fee | $550,000 |
| Delaware | DE529 | $0 | Up to 0.10% management fee | $350,000 |
| District of Columbia | DC College Savings Plan | $25 | $10 in-state residents; $15 out-of-state residents, 0.30% management fee | $500,000 |
*None of the states above require you to be a state resident to open a 529 plan.
| STATE | PLAN | MIN. CONTRIBUTION | FEES | MAX.CONTRIBUTION |
| Florida* | Florida 529 Savings Plan | $0 | None | $418,000 |
| Georgia | Path2College 529 Plan | $25 | 0.04% management fee | $235,000 |
| Hawaii | Hawaii's College Savings Program | $15 | $0 in-state residents; $20 out-of-state residents, 0.55% management fee | $305,000 |
| Idaho | Idaho College Savings Progam | $25 | $0 in-state residents; $20 out-of-state residents, up to 0.29% management fee | $500,000 |
| Illinois | Bright Start College Savings Program | $0 | 0.10% management fee | $500,000 |
| Indiana | CollegeChoice 529 Direct College Savings Plan | $10 | $0 in-state residents; $20 out-of-state residents, up to 0.24% management fee | $450,000 |
| Iowa | College Savings Iowa | $25 | 0.18% management fee | $420,000 |
| Kansas | Learning Quest 529 Education Savings Program | $0 | 0.20% management fee | $450,000 |
| Kentucky | KY Saves 529 | $0 | Up to 0.40% management fee | $450,000 |
*Florida only accepts state residents for its 529 plan. The plan beneficiary must have been a Florida resident for 12 months prior to enrollment.
| STATE | PLAN | MIN. CONTRIBUTION | FEES | MAX.CONTRIBUTION |
| Louisiana* | START Saving program | $10 | None | $500,000 |
| Maine | NextGen 529 | $25 | Up to 0.20% management fee | $520,000 |
| Maryland | Maryland Senator Edward J. Kasemeyer College Investment Plan | $25 | Up to 0.08% management fee | $500,000 |
| Massachusetts | U.Fund College Investing Plan | $0 | None | $500,000 |
| Michigan | Michigan Education Savings Program | $25 | 0.045% management fee | $500,000 |
| Minnesota | Minnesota College Savings Plan | $25 | 0.10% management fee | $425,000 |
| Mississippi | Mississippi Affordable College Savings Program (MACS) | $25 | $20, 0.60% management fee | $235,000 |
| Missouri | MOST - - Missouri's 529 Education Plan | $0 | 0.15% management fee | $550,000 |
| Montana | Achieve Montana | $25 | $0 in-state residents; $25 out-of-state residents, 0.54% management fee | $396,000 |
| Nebraska | NEST Direct College Savings Plan | $0 | 0.10% management fee | $500,000 |
*You can only open a Louisiana 529 plan if you're a state resident.
| STATE | PLAN | MIN. CONTRIBUTION | FEES | MAX.CONTRIBUTION |
| Nevada | SSGA Upromise 529 Plan | $15 | $0 in-state residents; $20 out-of-state residents, up to 0.36% management fee | $500,000 |
| New Hampshire | Unique College Investing Plan | $0 | Up to 0.17% | $569,123 |
| New Jersey* | NJBEST 529 College Savings Plan | $25 | $0 in-state residents; $25 out-of-state residents, 0.10% management fee | $305,000 |
| New Mexico | The Education Plan | $0 | 0.10% management fee | $500,000 |
| New York | New York's 529 College Savings Program | $0 | 0.12% management fee | $520,000 |
| North Carolina | NC529 Program | $25 | 0.25% management fee | $540,000 |
| North Dakota | College SAVE | $25 | $0 in-state residents; $20 out-of-state residents, up to .46% management fee | $269,000 |
| Ohio | Ohio's 529 CollegeAdvantage | $25 | 0.125% management fee | $523,000 |
| Oklahoma | Oklahoma College Savings Plan | $25 | 0.20% management fee | $450,000 |
| Oregon | Oregon College Savings Plan | $25 | 0.20% management fee | $400,000 |
*You can only open a New Jersey 529 plan if you're a state resident.
| STATE | PLAN | MIN. CONTRIBUTION | FEES | MAX.CONTRIBUTION |
| Pennsylvania | Pennsylvania 529 Investment Plan | $0 | $10, 0.19% management fee | $511,758 |
| Rhode Island | CollegeBound Saver | $0 | 0.10% management fee | $520,000 |
| South Carolina* | Future Scholar | $0 | None | $540,000 |
| South Dakota* | CollegeAccess 529 | $250 | None | $350,000 |
| Tennessee | TNStars College Savings 529 Program | $25 | 0.20% management fee | $350,000 |
| Texas | Texas College Savings Plan | $25 | 0.31% management fee | $500,000 |
| Utah | my529 | $0 | Up to 0.14% management fee | $540,000 |
| Vermont | VT529 | $25 | $25, up to 0.35% management fee | $550,000 |
| Virginia | Invest529 | $10 | 0.049% management fee | $550,000 |
| Washington | DreamAhead College Investment Plan | $25 | $30, 0.22% management fee | $500,000 |
*You can only open a South Carolina or South Dakota 529 if you're a state resident.
| STATE | PLAN | MIN. CONTRIBUTION | FEES | MAX.CONTRIBUTION |
| West Virginia* | Smart529 Direct College Savings Plan | $0 | 0.08% management fee | $400,000 |
| Wisconsin | Edvest | $25 | 0.06% management fee | $545,500 |
| Wyoming | No plan available | - | - | - |
*West Virginia requires that the account owner or beneficiary have a West Virginia mailing address or be a state resident on active duty in the US armed forces.
