Best 529 Plans for 2015 by Morningstar

College is expensive and it seems that the costs only continue to increase. This is a point of financial stress for many of us with children in elementary school but the good news is that we still have many years to save.

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.

Got further questions? Catch me on twitter and DM me @529SavingsPlans or e-mail me at 529CollegePlans at Gmail.com. Want to be heard? Leave a reader comment below.

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