529 Plan Comparisons

Prepaid Tuition Plans

College Savings Plans

Tuition and fees only

Tuition, fees, books & supplies

Room & Board usually not covered

Room & Board if at least . time

Lock in current tuition rates

Not directly protected against tuition increases

Must be resident of state offering plan

Not limited to specific school or even state

May have age /grade limits

No age/grade limits

No investment options

Many investment options

Transferability limited for other schools to equivalent tuition

Fully transferable to other schools

May be transferred to siblings

Fully transferrable to other family members

Refund usually limited to deposit

Fully refundable