One popular college savings avenue is a state-sponsored 529 plan. If you’re in the market for a 529 then you’re in luck, Morningstar just released its list of the Best 529 College-Savings Plans for 2015.
Morningstar’s list includes “27 plans that are likely to outperform their peers on a risk-adjusted basis over a full market cycle. These plans earned Gold, Silver, or Bronze Morningstar Analyst Ratings, which are forward-looking, qualitative ratings.” Source: Morningstar.com
Four of the 27 plans earned a gold rating: Alaska’s T. Rowe Price College Savings Plan, the Maryland College Investment Plan, the Utah Educational Savings Plan and Nevada’s Vanguard 529 College Savings Plan.
An additional four 529 plans earned a silver rating: Arkansas’ iShares 529 Plan, the Michigan Education Savings Program, Ohio’s CollegeAdvantage 529 Savings Plan and Virginia’s CollegeAmerica program.