Virginia 529 College Savings Plan

Virginia529 (VA 529) or Virginia529 College Savings Plan is the independent state agency responsible for Section 529 qualified tuition programs offered by the Commonwealth of Virginia.[1] In 2016, Morningstar gave Virginia's 529 a "silver" rating (on a scale of Gold-Silver-Bronze) based on its affiliation with CollegeAmerica and management by American Funds.[2] According to US News and World Report, Virginia's 529 offers a "whopping" 27 funds and six multi-fund options in its static track. Further, US News reports that "Morningstar applauds the plan’s low costs, relative to other advisor-sold programs."[3]

References

  1. ↑ Letter from the chair and the CEO of the VCSP to the Secretary of the U.S. Securities and Exchange Commission dated 5 November 2010, "RE: SEC Release Nos. 33-9128; 34-62544; IC-29367 (July 21, 2010), 75 FR 47064 (August 4, 2010) Regarding Mutual Fund Distribution Fees and Transaction Confirmations"
  2. ↑ Skinner, Liz (20 October 2016). "Is your 529 plan one of the six that Morningstar just downgraded?". InvestmentNews. Retrieved 20 December 2016.
  3. ↑ "Home > Investing > 529 Plans > Virginia > CollegeAmerica". US News & World Report Money (ranksings and advice). US News & World Report. Retrieved 20 December 2016.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.