529 Plan Comparisons
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Prepaid Tuition Plans |
College Savings Plans |
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Tuition and fees only |
Tuition, fees, books & supplies |
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Room & Board usually not covered |
Room & Board if at least . time |
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Lock in current tuition rates |
Not directly protected against tuition increases |
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Must be resident of state offering plan |
Not limited to specific school or even state |
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May have age /grade limits |
No age/grade limits |
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No investment options |
Many investment options |
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Transferability limited for other schools to equivalent tuition |
Fully transferable to other schools |
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May be transferred to siblings |
Fully transferrable to other family members |
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Refund usually limited to deposit |
Fully refundable
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