college-savings plan

529 College Savings Plan

An account into which persons deposit funds to save for university-related expenses. The funds in a 529 college savings account are tax-deferred and, if used directly to pay for college, tax exempt at the federal level. They are sometimes exempt at the state level as well. The plan exists in an attempt to make post-secondary education more affordable. See also: IRA, 401(k).

college-savings plan

A plan that allows individuals to set aside money in a special account designed to pay for future college expenses. Funds in the account grow tax-deferred, and withdrawals used for college expenses are exempt from federal income taxes. Parents are permitted to change from one state plan to another once a year with no penalty. Many states also offer tax incentives for these plans. Also called 529 plan.
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Morningstar also offers a family of 529 college-savings plan indexes.
This press release is for informational purposes only; any mention of a specific 529 college-savings plan should not be considered a solicitation by Morningstar.
NASDAQ: MORN), a leading provider of independent investment research, today announced new Analyst Ratings and reports for 63 of the nation's largest 529 college-savings plans.
This year, Morningstar manager research analysts awarded four Gold ratings, seven Silver ratings, 18 Bronze ratings, 32 Neutral ratings, and two Negative ratings to 529 college-savings plans.
Overall, the 529 savings plan industry remains on solid footing," Leo Acheson, Morningstar's lead research analyst for 529 college-savings plans, said.
Strong), announced today that they are partnering with the State of Oregon to offer a national 529 college-savings plan to residents of all states.
529 college-savings plans, which had nearly $218 billion in total assets under management as of Dec.
As assets in college-savings plans continue to grow, we're focused on helping college savers select the best program to meet their goals," Leo Acheson, a Morningstar analyst and the study's lead author, said.
NASDAQ: MORN), a leading provider of independent investment research, today announced new Analyst Ratings, research, and reports for 64 of the nation's largest 529 college-savings plans.

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