A 529 education saving plan is an investment option to help pay for education expenses. The money invested in one of these accounts allows for a tax-advantaged way to pay for higher education costs. Plans are administered at the state level, however, investors can decide whether to stay in-state or venture out of state to find a 529 plan.
Morningstar rates 529 plans to help you choose the best option, whether you’re evaluating plans across states or within one state. We award plans with Morningstar Medalist Ratings of Bronze, Silver, or Gold, with Gold-rated plans having our highest conviction.