The 529 Plan Evaluator

Fully open to nonresidents?

State tax deduction for contributions?

Is your account guaranteed or backed by the state?

Enrollment fee:

Annual maintenance fee:

Asset-based management fee:

Underlying fund expenses:

Prepaid contract options:

Prepaid contract installment options:

Value of contract for private and out-of-state colleges:

Offers an age-based or years-to-enrollment investment program?

Does the program offer "static" investment options?

Investment/fund manager(s):

Plan covers tuition?

Mandatory fees?

Books, supplies and equipment?

Room and board?

Is there an earnings penalty on non-qualified withdrawals?

Prepaid contract cancellation:

Is there a minimum period before qualified withdrawals may be taken?

Any limits on age or account duration?

Maximum contributions:

Minimum contributions:

Enrollment period:

Online documents?

Online application process?

Online account access?

Alabama
Prepaid Affordable College Tuition (PACT) Program

Yes

$75

N/A, for this type of plan

Contract pays four years of undergraduate tuition and fees at Alabama public colleges and universities

Lump sum, 60 monthly installments, or extended monthly payment plan

Weighted average tuition and mandatory fees charged by public four-year institutions in Alabama not to exceed actual tuition and mandatory fees

N/A, for this type of plan

Yes, undergraduate

Yes

No, unless scholarship or grant reduces tuition payment

N/A, for this type of plan

Cancel at any time to receive refund of payments plus annual interest of up to 5% (rate set periodically)

Yes, beneficiary must be in ninth grade or younger at the time the contract is purchased

Yes, beneficiary must be in 9th grade or below at the time the contract is purchased; contract benefits must be used within 10 years after the projected college entrance date

$14,484 for a four-year contract purchased in a lump sum for a ninth grader, installment option available

$10,577 for a four-year contract purchased in a lump sum for a newborn, installment option available as low as $98/month

September

Yes

Alabama
Alabama College Education Savings Program (ACES)

N/A, plan under development

N/A, for this type of plan

N/A, plan under development

N/A, for this type of plan

N/A, plan under development

Alaska
University of Alaska College Savings Plan

Yes

No, Alaska does not have a state income tax

None

$30, waived if you have any money in ACT Portfolio, or with automatic deposits or $25,000 account balance

0.30%, waived for ACT Portfolio

Approx. 0.32% for ACT Portfolio, range 0.55% - 0.71% for others (portfolio weighted average)

N/A, for this type of plan

Yes

Yes, 4 options: equity, balanced, fixed-income, and optional ACT Portfolio (30% stock funds)

T. Rowe Price

Yes

Yes, 10% of earnings

N/A, for this type of plan

Accepts contributions until account balances reach $250,000

$250, $50 with monthly payments when using Automatic Asset Builder program

Open

Yes

Yes, also available via a voice response unit

Alaska
Manulife College Savings

Yes

No, Alaska does not have a state income tax

None

$30, waived with automatic deposits or $25,000 account balances

Class A has 3.50% sales load and 0.75% annual fee; Class C has no sales load and 1.05% annual fee

Approx. range 0.45% - 1.38%

N/A, for this type of plan

Yes

Yes, 4 options: 2 fixed-income, equity, and "future trends" portfolio

AIM, Davis, Franklin/Templeton, MFS, Oppenheimer, PIMCO, T. Rowe Price

Yes

Yes, 10% of earnings

N/A, for this type of plan

Accepts contributions until account balances reach $250,000

$500 per portfolio, $50 per portfolio for subsequent investments

Open

Yes

Alaska
T. Rowe Price College Savings Plan

Yes

No, Alaska does not have a state income tax

None

$30, waived with automatic deposits or $25,000 account balances

0.30%

Approx. range 0.55% - 0.71% (portfolio weighted average)

N/A, for this type of plan

Yes

Yes, 3 options: equity, balanced, and fixed-income

T. Rowe Price

Yes

Yes, 10% of earnings

N/A, for this type of plan

Accepts contributions until account balances reach $250,000

$250, $50 with monthly payments when using Automatic Asset Builder program

Open

Yes

Yes, also available via a voice response unit

Arizona
Arizona Family College Savings Program (CSB)

Yes

None

N/A, for this type of plan

Yes, a certificate of deposit with interest tied to national college cost index (4% minimum)

College Savings Bank

Yes

Yes, 10% of earnings; also charges early cancellation penalty on early redemption of CD based on years remaining to maturity

N/A, for this type of plan

Accepts contributions until account balances reach $177,000

$250, or $25 per pay period for payroll deduction deposits, or $100 per month for automatic transfer from a bank account

Open

Yes

Arizona
Waddell & Reed InvestEd Plan

Yes, through Waddell & Reed advisors and Legend advisors

$10

None

Class A shares: 0.91% plus 5.75% sales load. Class B or C shares: 1.66% and contingent deferred sales charges.

Approx. range 0.79% to 0.92% (portfolio weighted average)

N/A, for this type of plan

Yes

Yes, three options: growth portfolio, balanced portfolio, conservative portfolio

Waddell & Reed

Yes

Yes, 10% of earnings (legislation may remove the penalty in 2002)

N/A, for this type of plan

Accepts contributions until balances reach $177,000

$500 lump sum, $50 automatic investment plan, or $25 payroll deduction

Open

Yes

Fully open to nonresidents?

State tax deduction for contributions?

Is your account guaranteed or backed by the state?

Enrollment fee:

Annual maintenance fee:

Asset-based management fee:

Underlying fund expenses:

Prepaid contract options:

Prepaid contract installment options:

Value of contract for private and out-of-state colleges:

Offers an age-based or years-to-enrollment investment program?

Does the program offer "static" investment options?

Investment/fund manager(s):

Plan covers tuition?

Mandatory fees?

Books, supplies and equipment?

Room and board?

Is there an earnings penalty on non-qualified withdrawals?

Prepaid contract cancellation:

Is there a minimum period before qualified withdrawals may be taken?

Any limits on age or account duration?

Maximum contributions:

Minimum contributions:

Enrollment period:

Online documents?

Online application process?

Online account access?

Arizona
Arizona Family College Savings Program (SM&R)

Yes

$10 per mutual fund

None

0.49% - 2.10%

N/A, for this type of plan

Yes, 10 different mutual funds

SMandR

Yes

Yes, 10% of earnings

N/A, for this type of plan

Accepts contributions until account balances reach $168,000

$20 to $500 per mutual fund depending on which fund and frequency of contribution

Open

Yes

Arkansas
Arkansas Tax-Deferred Tuition Savings Program aka GIFT College Investing Plan

Yes

None

$25 per year, waived for residents and $25,000 account balances

0.60% (0.95% for accounts sold through brokers)

0.70% - 1.38%

N/A, for this type of plan

Yes

Yes, 4 options: Growth, Growth and Income, Balanced, and Fixed-income

Mercury Funds and Franklin Templeton

Yes

Yes, 10% of earnings

N/A, for this type of plan

Accepts contributions until account balances reach $120,000

$250 for residents, $1000 for nonresidents

Open

Yes

California
Golden State ScholarShare College Savings Trust

Yes

No, proposed but not enacted

None

0.70% - 0.80%

Included in asset-based management fee

N/A, for this type of plan

Yes

Yes, 3 options: 100% Equity, Social Choice Equity, and Principal-and-Interest

TIAA-CREF

Yes

Yes, 10% of earnings

N/A, for this type of plan

Accepts contributions until account balances reach $115,622 to $165,886 based upon age of beneficiary

$25, $15 per pay period for payroll deduction deposits

Open

Yes

Colorado
CollegeInvest / Prepaid Tuition Fund

Yes

None

N/A, for this type of plan

Tuition units may be purchased with each unit worth at least one percent of average tuition at Colorado four-year public colleges, universities and state community colleges; units are adjusted if necessary to provide minimum 4% annual return

Lump sum or payments over 60 months

Same for all colleges and universities

N/A, for this type of plan

Yes

N/A, for this type of plan

10% of the growth in value of unit refunded

Yes, three years prior to July 31 of year you wish to start using its benefits.

Yes, you must use all units within 10 years of first payout date; contract must be purchased three years prior to July 31 of year you wish to start using its benefits

Accepts contributions until account balances reach $235,000

$1,000, five-year minimum installment option available as low as $25/month

Open

Yes

No, coming soon

Colorado
CollegeInvest / Scholars Choice College Savings Program

Yes

Yes, unlimited

None, except accounts opened through brokers may have sales loads or deferred sales charges

$30 per year for nonresident accounts

0.99% - 1.09% service fee for direct-sold accounts; broker sold accounts have no service fee but charge 0.25% - 0.95% depending on share class

Included in service fee for direct-sold accounts; fund expenses in broker-sold accounts range from 0.38% - 0.97%

N/A, for this type of plan

Yes

Yes, 3 options: 100% equity, balanced, and fixed-income

Salomon Smith Barney, Salomon Brothers, American Funds, MFS

Yes

Yes, 10% of earnings

N/A, for this type of plan

Accepts contributions until account balances reach $235,000

$25, and subsequent contribution must be at least $15; no minimum contribution if paid by payroll deduction deposits

Open

Yes

Connecticut
Connecticut Higher Education Trust (CHET)

Yes

None

0.57% - 0.59%

Approx. range 0.16% - 0.22% (portfolio weighted average)

N/A, for this type of plan

Yes

Yes, 2 options: High equity and guaranteed

TIAA-CREF

Yes

Yes, 10% of earnings

N/A, for this type of plan

Accepts contributions until account balances reach $235,000

$25, $15 per pay period for payroll deduction deposits

Open

Yes

Delaware
Delaware College Investment Plan

Yes

None

$30, waived with automatic deposits or $25,000 account balances

0.30%

Approx. range 0.65% - 0.81% (portfolio weighted average)

N/A, for this type of plan

Yes

Yes, 2 options: 100% equity and 70% equity

Fidelity

Yes

Yes, 10% of earnings, anticipating removal in 2002 when federal 10% penalty begins

N/A, for this type of plan

Accepts contributions until account balances reach $250,000

$500 and subsequent contributions must be at least $50

Open

Yes

Fully open to nonresidents?

State tax deduction for contributions?

Is your account guaranteed or backed by the state?

Enrollment fee:

Annual maintenance fee:

Asset-based management fee:

Underlying fund expenses:

Prepaid contract options:

Prepaid contract installment options:

Value of contract for private and out-of-state colleges:

Offers an age-based or years-to-enrollment investment program?

Does the program offer "static" investment options?

Investment/fund manager(s):

Plan covers tuition?

Mandatory fees?

Books, supplies and equipment?

Room and board?

Is there an earnings penalty on non-qualified withdrawals?

Prepaid contract cancellation:

Is there a minimum period before qualified withdrawals may be taken?

Any limits on age or account duration?

Maximum contributions:

Minimum contributions:

Enrollment period:

Online documents?

Online application process?

Online account access?

Florida
Florida Prepaid College Program

No, beneficiary must be a Florida resident and within the age/grade requirements

No, Florida does not have a state income tax

Yes, full faith and credit of the state

$42, non-refundable

N/A, for this type of plan

Four-year university plan, two-year community college plan, or "2+2" plan combining community college and university attendance, optional contracts for payment of mandatory local fees and dormitory housing may also be available

Lump sum, 55 monthly installments, or monthly installments until October of the scheduled enrollment year

Equivalent value for schools recognized by the plan as "eligible"

N/A, for this type of plan

Yes

Yes, if option purchased

Yes, will cover dorm fees if option purchased

N/A, for this type of plan

Request refund of contract payments without interest

N/A, for this type of plan

Yes, beneficiary must be in 11th grade or below at the time the contract is purchased; contract benefits must be used within 10 years after the projected college entrance date

$21,294 for a eight-year university contract plus a four-year dormitory plan purchased in a lump sum for an eighth grader, installment option available

$1,779 for a two-year community college contract purchased in lump sum for a newborn, installment option available as low as $14/month

Oct. - Jan.

Yes

Florida
Savings plan under development

N/A, plan under development

N/A, for this type of plan

N/A, plan under development

N/A, for this type of plan

N/A, plan under development

Georgia
Savings plan under development

N/A, plan under development

Yes, Beginning in 2002, up to $2,000 per dependent beneficiary for contributors who itemize on federal return and have AGI under $105,000 (joint) or $55,000 (separate or single).

N/A, plan under development

N/A, for this type of plan

N/A, plan under development

N/A, for this type of plan

N/A, plan under development

Hawaii
Savings plan under development

N/A, plan under development

N/A, for this type of plan

N/A, plan under development

N/A, for this type of plan

N/A, plan under development

Idaho
Idaho College Savings Program (IDeal)

Yes

Yes, up to $4,000 per year (spouses can each qualify)

None

0.70%

0.16% - 0.23% portfolio weighted average

N/A, for this type of plan

Yes

Yes, 2 options: 100% equity and money market

TIAA-CREF

Yes

Yes, 10% of earnings (pending legislation would eliminate effective 2002).

N/A, for this type of plan

Accepts contributions until account balances reach $235,000

$25, $15 per pay period for payroll deduction deposits

Open

Yes

Illinois
College Illinois!

No, account owner or beneficiary must be an Illinois resident for at least 12 months prior to application

Yes, legislature required to consider appropriation to cover shortfall

$75

N/A, for this type of plan

Up to nine semesters of tuition and mandatory fees at an Illinois public four-year university, up to four semesters at a community college, or four semesters at a community college and four semesters at a public university

Lump sum, initial lump sum payment and installment payments for the balance, or installment payments only

Equal to the average mean-weighted credit hour value of in-state costs

N/A, for this type of plan

Yes

N/A, for this type of plan

Request at any time a refund of payments made less cancellation fee of up to $100; after contract is 3 years old, refund will also include 2% annual interest

Yes, Contract must be purchased at least 3 years before benefits can be used to pay tuition and fees.

Yes, benefits must be used within a 10 year period beginning on the date of projected enrollment; contract must be purchased at least 3 years before benefits can be used to pay tuition and fees

$25,087 for a 9-semester university contact purchased in a lump sum for a child in the ninth grade or older, installment option available

$847 for a 1-semester community college contract purchased in a lump sum for a child in kindergarten or younger, installment option available as low as $20/month

Yes, fall/winter

Yes

Illinois
Bright Start College Savings Program

Yes

Yes, unlimited deduction beginning in 2002

One-time processing fee of up to $30 may be charged if account opened through a bank (No fee if opened directly or through an SSB broker)

None

0.99%

Included in asset-based management fee

N/A, for this type of plan

Yes

Yes, 2 options: 100% equity and fixed-income

Salomon Smith Barney

Yes

Yes, 10% of earnings

N/A, for this type of plan

Accepts contributions until account balances reach $160,000

$25 initial, and subsequent contributions must be at least $15

Open

Yes

Fully open to nonresidents?

State tax deduction for contributions?

Is your account guaranteed or backed by the state?

Enrollment fee:

Annual maintenance fee:

Asset-based management fee:

Underlying fund expenses:

Prepaid contract options:

Prepaid contract installment options:

Value of contract for private and out-of-state colleges:

Offers an age-based or years-to-enrollment investment program?

Does the program offer "static" investment options?

Investment/fund manager(s):

Plan covers tuition?

Mandatory fees?

Books, supplies and equipment?

Room and board?

Is there an earnings penalty on non-qualified withdrawals?

Prepaid contract cancellation:

Is there a minimum period before qualified withdrawals may be taken?

Any limits on age or account duration?

Maximum contributions:

Minimum contributions:

Enrollment period:

Online documents?

Online application process?

Online account access?

Indiana
Indiana Family College Savings Plan

Yes

No, proposed but not enacted

$10

$25

None

0.20% - 1.06%

N/A, for this type of plan

Yes

Yes, 4 options: equity index mutual fund, diversified mutual fund, intermediate bond fund, total bond market index mutual fund

One Group and Vanguard

Yes

Yes, 10% of earnings plus a $25 cancellation fee

N/A, for this type of plan

Yes, account may not be opened for more than 25 years

Cumulative contribution limit currently $114,548

$50 initial, and subsequent contributions must be at least $25

Open

Yes

Iowa
College Savings Iowa

Yes

Yes, up to $2,112 per year (in 2001), per beneficiary for the account owner only

None

0.65%

Included in asset-based management fee

N/A, for this type of plan

Yes, choice between four different tracks that vary in their asset allocations

Vanguard

Yes

Yes, 10% of earnings (replaced by federal penalty in 2002)

N/A, for this type of plan

Yes, beneficiary must be 18 years or younger at the time the account is established; account balance must be used by the time the beneficiary turns 30

Accepts contributions until account balances reach $146,000.

Minimum initial and subsquent contribution amount is $25 and total contributions for a year must be at least $50

Open

Yes

No, coming soon

Yes

Kansas
Learning Quest Education Savings Program

Yes

Yes, up to $2,000 per year, per beneficiary ($4,000 for married couples filing jointly)

None

$40 ($10 for Kansas residents or if you open your account through Charles Schwab & Co.)

0.39%

Approx. range 0.52% - 0.95% (portfolio weighted average)

N/A, for this type of plan

Yes, 3 versions: aggressive, moderate, conservative

American Century

Yes

Yes, 10% of earnings

N/A, for this type of plan

Yes, 24 months

Accepts contributions until account balances reach $235,000

$500 initial, or $2500 if you are a non-resident, and subsequent contributions must be at least $50

Open

Yes

Kentucky
Kentucky Education Savings Plan Trust

No, account owner or beneficiary must have "Kentucky ties", which may include current or former residence or employment, or a family member with current or former residence in KY

None

0.81% or less

Included in asset-based management fee

N/A, for this type of plan

Yes

Yes, 100% equity

TIAA-CREF

Yes

Yes, 10% of earnings

N/A, for this type of plan

Accepts contributions until account balances reach $235,000

Minimum initial and subsequent contribution amount is $25, $15 per pay period for payroll deduction deposits

Open

Yes

Kentucky
Kentucky's Affordable Prepaid Tuition (KAPT)

No, beneficiary must be Kentucky resident at time of enrollment or have intention to attend a Kentucky institution.

No, but 75% of state abandoned property fund is available to cover any unfunded liability.

$50.

Included in pricing.

N/A, for this type of plan

3 tuition plans: (1) value plan covers community and technical college, (2) standard plan covers highest-cost Kentucky university, and (3) premium plan provides benefits based on annual tuition increase percentage at UK.

Lump sum, 36 months, 60 months, 84 months, or monthly payments to scheduled enrollment.

Same as contract value for participating institutions.

N/A, for this type of plan

Yes

No, unless program approves use of excess tuition credits..

No, unless program approves use of excess tuition credits.

Yes, see terms for contract cancellation. Withdrawals due to beneficiary death, disability, or receipt of scholarship avoid penalty and return full value.

Refund of contract payments made, without interest. less $150 fee. Program may pay refund in installments.

N/A, for this type of plan

Yes, must purchase contract at least two years prior to proposed college enrollment date.

$59,190 for 5-year premium plan (lump sum).

$1,450 for 1-year value plan (lump sum), as little as $14.81 per month in extended payment plan.

October 15, 2001 to December 3, 2001; next is February 2, 2002 to April 15, 2002.

Yes

Louisiana
Student Tuition Assistance and Revenue Trust Program (START)

No, account owner or beneficiary must be a Louisiana resident

Yes, up to $2,400 per year, per beneficiary for account owners (unused portion may be carried forward to subsequent tax years)

None

N/A, for this type of plan

Yes, fixed income

Self-managed

Yes

Yes, 10% of earnings (until Jan 1, 2002) and forfeiture of state match portion

N/A, for this type of plan

Yes, at least one year must elapse before distributions are made for qualifying higher education expenses

Cumulative contribution limit currently $173,065

Minimum initial and subsequent contribution amount is $10

Open

Yes

Maine
NextGen College Investing Plan

Yes, for "Client Direct" series, but "Client Adviser" series available only through Merrill Lynch and certain other brokers

No, legislation has been introduced to add a deduction for 10% (up to an aggregate maximum of $2,000) of the amount contributed for Maine residents

None

$50, waived if the account owner or beneficiary is a Maine resident, annual contributions are at least $2,500, or the account value is at least $20,000 at the end of the fee year

0.55% in Client Direct series; 0.60% - 0.90% in Client Adviser series available through brokers

Approx. range 0.76% - 0.95% in Client Direct series (portfolio weighted average); 0.71% - 1.79% in Client Adviser series

N/A, for this type of plan

Yes

Yes, 3 options in Client Direc series: 100% equity, 75% equity, and fixed-income; 11 options available in Client Adviser series available through brokers

MLIM in Client Direct series; MLIM, MFS, AIM, and Franklin Templeton in Client Adviser series available through brokers

Yes

Yes, 10% of earnings

N/A, for this type of plan

Accepts contributions until account balances reach $225,000

$250 initial lump sum, or $50 per month for payroll deduction deposits or automatic transfers from a bank account

Open

Yes

Fully open to nonresidents?

State tax deduction for contributions?

Is your account guaranteed or backed by the state?

Enrollment fee:

Annual maintenance fee:

Asset-based management fee:

Underlying fund expenses:

Prepaid contract options:

Prepaid contract installment options:

Value of contract for private and out-of-state colleges:

Offers an age-based or years-to-enrollment investment program?

Does the program offer "static" investment options?

Investment/fund manager(s):

Plan covers tuition?

Mandatory fees?

Books, supplies and equipment?

Room and board?

Is there an earnings penalty on non-qualified withdrawals?

Prepaid contract cancellation:

Is there a minimum period before qualified withdrawals may be taken?

Any limits on age or account duration?

Maximum contributions:

Minimum contributions:

Enrollment period:

Online documents?

Online application process?

Online account access?

Maryland
Maryland Prepaid College Trust

No, account owner or beneficiary must be a Maryland or District of Columbia resident

Yes, up to $2,500 per year (each spouse may qualify), per beneficiary with unlimited rollover of excess amount

Yes, legislature required to consider appropriation to cover shortfall, repayable within two years

$90

N/A, for this type of plan

University contract for one to five years, a two-year community college contract, or a contract combining two years of community college with two years of university attendance

Lump sum, annual installments, or monthly installments

Weighted average tuition and mandatory fees at Maryland state institutions, not to exceed actual tuition and fees incurred

N/A, for this type of plan

Yes

No, unless scholarship or grant reduces tuition payment

N/A, for this type of plan

Can request a refund of contribution made and, for contracts older than three years, 50% of the program's investment return

Yes, 2 years

Yes, beneficiary must be in 10th grade or below at the time the contract is purchased; contract benefits must be used within 10 years of high school graduation

$25,582 for a five-year university contract purchased in a lump sum for a tenth grader, installment option available

$4,329 for a two-year community college contract purchased in a lump sum for a newborn, installment option available as low as $43/month

The next enrollment period is planned for Fall 2001

Yes

Maryland
Maryland College Investment Plan

Yes

Yes, deduction for up to $2,500 per account per year, carryforward up to 10 succeeding years

$90, reduced under certain conditions

$30, waived for automatic investment plan or $25,000 balance

Up to 0.38%

Range of fund expenses 0.35% to 0.99%

N/A, for this type of plan

Yes

Yes, 3 options: 100% equity, 100% bond, and balanced

T. Rowe Price mutual funds

Yes

Yes, 10% of earnings, removed when Federal 10% penalty begins in 2002

N/A, for this type of plan

Accepts contributions until account balances reach $175,000

$250 initial lump sum, or minimum $25 per month automatic contributions

Open

Yes

Yes, may pay enrollment fee with credit card

Yes

Massachusetts
U.Fund College Investing Plan

Yes

None

$30, waived with automatic deposits or $25,000 account balances

0.30%

Approx. range 0.64% - 0.81% (portfolio weighted average)

N/A, for this type of plan

Yes

Yes, 2 options: 100% equity and 70% equity

Fidelity

Yes

Yes, 10% of earnings, removed in 2002 when federal 10% penalty begins

N/A, for this type of plan

Accepts contributions until account balances reach $230,000

$1,000 initial lump sum, or $50 per month for payroll deduction deposit or automatic transfers from a bank account

Open

Yes

Massachusetts
U.Plan (does not qualify as a 529 plan)

Yes

Yes, full faith and credit of the state

None

N/A, for this type of plan

Massachusetts general obligation bonds that may be redeemed for a pre-determined percentage of tuition and fees at a participating Massachusetts institution

lump sum

N/A, plan under development

N/A, for this type of plan

Yes

N/A, for this type of plan

Tuition certificates may not be redeemed before their maturity date but may be sold

N/A, for this type of plan

Yes, redemption may be delayed up to 6 years after the maturity date of the tuition certificate

Cost of tuition and fees for four-years at the highest cost participating institution

$303 per maturity year

May 1, 2001 - June 15, 2001

Yes

Michigan
Michigan Education Trust

No, beneficiary must be a Michigan resident and within the age/grade requirements

Yes

$25 - $85, based on the time you submit your contract

N/A, for this type of plan

Full benefits contract pays for one to four years of tuition and mandatory fees at any Michigan public institution, limited benefits contract pays for tuition and fees at Michigan institutions with tuition that does not exceed 105% of the weighted average tuition of all Michigan public four-year universities, and community college contract

Lump sum, monthly installments over 4 years, 7 years, or 10 years

Weighted average public tuition if used at in-state private colleges and the average public tuition if used out-of-state

N/A, for this type of plan

Yes

No, unless scholarship reduces tuition payment

N/A, for this type of plan

Request after beneficiary is 18 years old and with amount equal to tuition at lowest cost Michigan public institution

N/A, for this type of plan

Yes, beneficiary must be in 8th grade or below at the time the contract is purchased, 10th grade or below at the time the limited benefits or community college contract is purchased; contract benefits must be used within 9 years after the projected college entrance date

$20,512 for a four-year full benefit contract purchased in a lump sum, installment option available

$1,643 for a one-year community college contract purchased in a lump sum for a child in second grade or younger, installment option available as low as $20/month

October 1 - July 31 each year

Yes

Michigan
Michigan Education Savings Program

Yes

Yes, up to $5,000 per year ($10,000 for married couples filing jointly), not available for any contributions to an account from which a withdrawal has been made.

None

0.65%

Included in asset-based management fee

N/A, for this type of plan

Yes

Yes, 2 options: 100% equity and guaranteed

TIAA-CREF

Yes

Yes, 10% of entire withdrawal

N/A, for this type of plan

Accepts contributions until account balances reach $125,000

$25, $15 per pay period for payroll deduction deposits

Open

Yes

Minnesota
Minnesota College Savings Plan

Yes

No, but matching grant of up to $300 per year may be available for qualifying families

None

0.65% annual rate

Included in asset-based management fee

N/A, for this type of plan

Yes

Yes, 2 options: 100% equity and guaranteed principal plus interest with an annual minimum rate of return of 3%

TIAA-CREF

Yes

Yes, 10% of earnings (removed in 2002)

N/A, for this type of plan

Accepts contributions until account balances reach $122,484

$25, $15 for payroll deduction deposits

Open

Yes

Fully open to nonresidents?

State tax deduction for contributions?

Is your account guaranteed or backed by the state?

Enrollment fee:

Annual maintenance fee:

Asset-based management fee:

Underlying fund expenses:

Prepaid contract options:

Prepaid contract installment options:

Value of contract for private and out-of-state colleges:

Offers an age-based or years-to-enrollment investment program?

Does the program offer "static" investment options?

Investment/fund manager(s):

Plan covers tuition?

Mandatory fees?

Books, supplies and equipment?

Room and board?

Is there an earnings penalty on non-qualified withdrawals?

Prepaid contract cancellation:

Is there a minimum period before qualified withdrawals may be taken?

Any limits on age or account duration?

Maximum contributions:

Minimum contributions:

Enrollment period:

Online documents?

Online application process?

Online account access?

Mississippi
Mississippi Prepaid Affordable College Tuition Program (MPACT)

No, account owner or beneficiary must be a Mississippi resident

Yes

Yes, full faith and credit of the state

$60

N/A, for this type of plan

University plan for one to five years, community college plan for one or two years, and combination plan

Lump sum, monthly installments over a variety of terms, or combination of the two

Weighted average tuition and mandatory fees not to exceed actual tuition and mandatory fees at Mississippi public institutions

N/A, for this type of plan

Yes

N/A, for this type of plan

Cancel at any time to receive refund of payments, plus interest at prevailing bank rates, less fee of $150 (or 50% of payments made, if less)

N/A, for this type of plan

Yes, beneficiary must be 18 years old or younger at the time the contract is purchased; contract benefits must be used within 10 years after the beneficiary's projected college entrance date

$13,521 for a five-year university contract purchased in a lump sum for a tenth grader or older, installment option available

$943 for a one-year junior/community college contract purchased in a lump sum for a newborn, installment option available as low as $12/month

September 1 - November 30

Yes

Mississippi
Mississippi Affordable College Savings

Yes

Yes, up to $10,000 per year ($20,000 for married couples filing jointly)

None

0.70%

Approx. range 0.16% - 0.23% (portfolio weighted average)

N/A, for this type of plan

Yes

Yes, 2 options: 100% equity and money market

TIAA-CREF

Yes

Yes, 10% of earnings (eliminated effective 2002)

N/A, for this type of plan

Accepts contributions until account balances reach $235,000

$25 lump sum and automatic bank transfers, $15 payroll deduction deposits

Open

Yes

Missouri
Missouri Saving for Tuition Program (MO$T)
.

Yes

Yes, up to $8,000 per year per taxpayer

None

0.65% (none on principal plus interest option)

Included in asset-based management fee

N/A, for this type of plan

Yes

Yes, 2 options: 100% equity and guaranteed principal plus interest with an annual minimum rate of return of 3%

TIAA-CREF

Yes

Yes, 10% of earnings (eliminated starting 2002)

N/A, for this type of plan

Yes, 12 months after account is opened

Accepts contributions until account balances reach $235,000

$25, $15 for payroll deduction deposits

Open

Yes

Montana
Montana Family Education Savings Program

Yes

Yes, up to $3,000 per year ($6,000 for married couples filing jointly)

None

N/A, for this type of plan

Yes, 1 option: an FDIC-insured certificate of deposit that offers a variable rate of interest each year pegged to a national index of private college costs (4% minimum per year)

College Savings Bank

Yes

Yes, 10% of earnings (and $100 fee if account less then 3 years old)

N/A, for this type of plan

Yes, Montana state tax deduction is recaptured if account is withdrawn within 3 years of opening account; also, withdrawal prior to CD maturity date will cause 1% to 10% principal forfeiture (except for Montana residents)

Cumulative contribution limit currently $177,000

$250, $25 for payroll deduction deposits, $100 per month or $250 per quarter for automatic bank transfers

Open

Yes

Nebraska
College Savings Plan of Nebraska

Yes

Yes, up to $1,000 per year

None

$24

0.60% for direct-sold accounts; accounts opened through brokers have expenses and may have sales loads

Aprox. range 0.32% - 0.44% (portfolio weighted average)

N/A, for this type of plan

Yes, 4 versions: aggressive, growth, balanced, conservative

Yes, 6 options offering varying blends of equity, fixed income, and money market funds ranging from a target mix of 100% equities to 100% fixed income and money market

State Street, Vanguard, American Century, Fidelity, Janus, T. Rowe Price, PIMCO

Yes

Yes, 10% of earnings

N/A, for this type of plan

Accepts contributions until account balances reach $250,000

No set minimums

Open

Yes

Nebraska
AIM College Savings Plan

Yes

Yes, Nebraska deduction of annual contributions up to $1,000 ($500 for married filing separate).

None, but 3.5% sales load on Class A shares

$25, waived for $50,000 account balances ($25,000 account balances if in automatic investment plan)

0.35% for Class A shares, 0.90% for Class B and C shares

Mutual funds have expenses ranging from approx. 1.06% to 1.67%.

N/A, for this type of plan

Yes

Yes, 3 portfolios: Aggressive Growth, Growth, and Balanced

AIM Funds

Yes

No, but $50 fee is charged. Class B shares subject to contingent deferred sales charge of 0.5% to 2.5%.

N/A, for this type of plan

Accepts contributions until account balances reach $250,000.

$500 per portfolio or $50 for automatic enrollment plan

Open

Yes

Nevada
Nevada Prepaid Tuition Program

No, account owner or beneficiary must be a Nevada resident or account owner must be an alumnus of a Nevada college

No, Nevada does not have a state income tax

$60

N/A, for this type of plan

Four-year university plan, two-year university plan, two-year community college plan, or a combination plan

Lump sum, 5-year monthly payment plan, or extended monthly payment plan that ends when child reaches college age

Weighted average tuition and mandatory fees not to exceed actual tuition and mandatory fees of in-state Nevada public institutions

N/A, for this type of plan

Yes

N/A, for this type of plan

Cancel at any time and receive refund of payments plus interest at a rate determined by the Board, less a $150 cancellation fee; fee changes to $100 plus the 10% IRS penalty after 1/1/02

N/A, for this type of plan

Yes, beneficiary must be in 9th grade or below and 18 years old or younger at the time the contract is purchased; contract benefits must begin no later than 10 years beyond initial date of high school graduation or when beneficiary reaches age 30 (extensions are granted for military service)

$9,630 for a four-year university contract purchased in a lump sum for a ninth grader, installment option available

$2,338 for a two-year community college contract purchased in a lump sum for a newborn, installment option available as low as $21/month

September 17 - January 15

Yes

Fully open to nonresidents?

State tax deduction for contributions?

Is your account guaranteed or backed by the state?

Enrollment fee:

Annual maintenance fee:

Asset-based management fee:

Underlying fund expenses:

Prepaid contract options:

Prepaid contract installment options:

Value of contract for private and out-of-state colleges:

Offers an age-based or years-to-enrollment investment program?

Does the program offer "static" investment options?

Investment/fund manager(s):

Plan covers tuition?

Mandatory fees?

Books, supplies and equipment?

Room and board?

Is there an earnings penalty on non-qualified withdrawals?

Prepaid contract cancellation:

Is there a minimum period before qualified withdrawals may be taken?

Any limits on age or account duration?

Maximum contributions:

Minimum contributions:

Enrollment period:

Online documents?

Online application process?

Online account access?

Nevada
American Skandia College Savings Program

N/A, for this type of plan

Nevada
America's College Savings Plan

Yes

No, Nevada does not have a state income tax

$25

$25, waived with $25,000 account balance or enrollment in automatic investment plan or payroll deduction plan.

1.30% annualized

Included in asset-based management fee

N/A, for this type of plan

Yes

Yes, 3 options: Aggressive, Balanced, and All-Bond.

Strong

Yes

Yes, $10%, eliminated when 10% federal penalty begins 1/1/02.

N/A, for this type of plan

Accepts contributions until account balances reach $246,000.

$250 lump sum, or $50 per month automatic investment plan

Open

Yes

New Hampshire
UNIQUE College Investing Plan

Yes

None

$30, waived with automatic deposits or $25,000 account balances

0.30%

Approx. range 0.65% - 0.81% (portfolio weighted average)

N/A, for this type of plan

Yes

Yes, 2 options: 100% equity and 70% equity

Fidelity

Yes

Yes, 10% of earnings, removed in 2002 when federal 10% penalty begins

N/A, for this type of plan

Accepts contributions until account balances reach $233,240

$1000 initial, or $50 per month for automatic bank transfers or payroll deduction deposit

Open

Yes

New Jersey
New Jersey Better Educational Savings Trust (NJBEST)
.

No, account owner or beneficiary must be a New Jersey resident

Yes, "moral obligation" not to lose value

None

maximum 0.50%

None

N/A, for this type of plan

Yes

Department of Treasury, Division of Investment

Yes

Yes, 10% of earnings

N/A, for this type of plan

Accepts contributions until account balances reach $150,000

$25 per month and $300 annual until account reaches $1,200

Open

Yes

New Mexico
The Education Plan's Prepaid Tuition Program

No, account owner or beneficiary must be a New Mexico resident

Yes

None

N/A, for this type of plan

Contracts for one to five years of undergraduate tuition and fees at New Mexico public colleges and universities

Lump sum, installment payments (with an additional amount at a rate determined by the program to reflect the cost of making payments over time), or combination of the two

Lesser of contract tuition value or total contract payments plus a "reasonable" rate of interest

N/A, for this type of plan

Yes

No, unless scholarship or grant reduces tuition payment

N/A, for this type of plan

Cancel at any time to receive refund of payments, plus a reasonable rate of interest only if contract is at least 5 years old

Yes, 5 years from application date

Yes, 10 years from the anticipated college enrollment date as specified at time of purchase plus time spent in military; contract must be purchased at least 5 years before anticipated use

5 years of undergraduate education

1 year of undergraduate education

October 1 - December 31

Yes

New Mexico
The Education Plan's College Savings Program

Yes

Yes, unlimited

None

$30, waived with automatic deposits, $10,000 account balance, or account owner or beneficiary is a New Mexico resident

0.30%

Approx. range 0.41% - 1.27%, portfolio weighted average

N/A, for this type of plan

Yes

Yes, 8 options: 100% equity, 100% bond, 100% short-term yield, and five blended portfolios

State Street Global Advisors, MFS, Janus, Invesco

Yes

Yes, 10% of earnings

N/A, for this type of plan

Yes, 1 year for New Mexico residents only

Cumulative contribution limit of $202,225

$250 and subsequent contributions must be at least $100, $25 per month for payroll deduction deposits or automatic transfers from a bank account

Open

Yes

New Mexico
CollegeSense 529 Higher Education Savings Plan

Yes, this program is distributed through brokers

Yes, unlimited

None, except "A" shares incur a sales load

$25, waived with automatic deposits, $25,000 account balance, or account owner or beneficiary is a New Mexico resident

0.35% plus distribution expenses that vary based on share class

Not yet provided

N/A, for this type of plan

Yes

Yes, 8 options: 100% equity, 100% bond, 100% short-term yield, and five blended portfolios

Mainstay, SSgA, JP Morgan Capital, and Eclipse mutual funds

Yes

Yes, 10% of earnings, removed when Federal 10% penalty begins in 2002

N/A, for this type of plan

Yes, one year for New Mexico residents only

Accepts contributions until account balances reach $251,000

$250 initial lump-sum, or $25/month or $75/quarter

Open

Yes

Fully open to nonresidents?

State tax deduction for contributions?

Is your account guaranteed or backed by the state?

Enrollment fee:

Annual maintenance fee:

Asset-based management fee:

Underlying fund expenses:

Prepaid contract options:

Prepaid contract installment options:

Value of contract for private and out-of-state colleges:

Offers an age-based or years-to-enrollment investment program?

Does the program offer "static" investment options?

Investment/fund manager(s):

Plan covers tuition?

Mandatory fees?

Books, supplies and equipment?

Room and board?

Is there an earnings penalty on non-qualified withdrawals?

Prepaid contract cancellation:

Is there a minimum period before qualified withdrawals may be taken?

Any limits on age or account duration?

Maximum contributions:

Minimum contributions:

Enrollment period:

Online documents?

Online application process?

Online account access?

New York
New York's College Savings Program

Yes

Yes, up to $5,000 per year ($10,000 for married couples filing joint returns)

None

0.65%

Included in asset-based management fee

N/A, for this type of plan

Yes, 2 versions: aggressive and moderate

Yes, 2 options: high equity and guaranteed option

TIAA-CREF

Yes

Yes, 10% of earnings

N/A, for this type of plan

Yes, 36 months to avoid a penalty

Accepts contributions up to $100,000 or until account balances reach $235,000

$25, $15 per pay period for payroll deduction deposits

Open

Yes

North Carolina
North Carolina's National College Savings Program

No, only for NC residents and nonresidents employed in NC. See separate descriptions for broker-sold version for nonresidents.

None

0.25% (0.10% for balances in Seligman CollegeHorizonFunds)

NCM/Legg Mason Aggressive Stock Fund approx. 0.65%; Wachovia Balanced Fund approx. 0.58%; Dependable Income Fund 0.05%; Seligman CollegeHorizon Funds approx. range 0.58% to 1.16%.

N/A, for this type of plan

Yes, Seligman CollegeHorizonFunds

Yes, 4 options: Aggressive Stock Fund (managed 50% by NCM Capital Management Group and 50% in Legg Mason Value Trust); Balanced Fund (managed by Wachovia Bank); Dependable Income Fund (fixed income fund managed by State Treasurer); any of the 22 portfolios available in Seligman CollegeHorizonsFund.

As described above under "options"

Yes

No, but $50 fee is charged.

N/A, for this type of plan

Accepts contributions until balances reach $268,804.

$5, but a $25 annual fee is charged for balances under $1,000 unless in an automatic investment plan

Open

Yes

North Carolina
Seligman CollegeHorizonFunds -- Advisor-sold

Yes, through financial advisors only.

None

$25, waived for account balances at least $25,000

0.25% plus extra fees and sales loads for accounts opened through a financial advisor under three alternative fee schedules..

Approx. 0.58% to 1.16% depending on portfolio (portfolio weighted average)

N/A, for this type of plan

Yes

Yes, may choose to stay with any of the 22 portfolios under the years to enrollment option

Seligman mutual funds.

Yes

No, but $50 fee is charged.

N/A, for this type of plan

Accepts contributions until account balances reach $268,804.

$250 initial ($25 fee if account balance remains below $1,000). $100 for automatic investment plan through bank transfer or $25 for payroll deduction.

Open

Yes

North Dakota
College SAVE

Yes

None

$30, waived for North and South Dakota residents

None

Approximate range of 0.68% to 1.22% (portfolio weighted average)

N/A, for this type of plan

Yes, 3 schedules: aggressive, moderate, and conservative.

Yes, four options: (1) aggressive option including actively managed equity fund, (2) aggressive option including index equity fund, (3) balanced option including actively managed equity fund, (4) balanced option including index equity fund.

Morgan Stanley and Van Kampen

Yes

Yes, 10% of earnings, expires at end of 2001

N/A, for this type of plan

No, but 12 months before nonqualified withdrawals may be taken.

Accepts contributions until account balances reach $168,000

$25, $300 account balance by end of first year

Open

Yes

Ohio
Ohio CollegeAdvantage Savings Plan

No, account owner or beneficiary must be an Ohio resident

Yes, up to $2,000 per year, per beneficiary with unlimited carryforward of any excess contributions

Yes, full faith and credit of the state for the Guaranteed Savings Fund only

None

$25 for Putnam options but waived if account balance exceeds $25,000 or you make deposits of at least $50 per month through payroll deduction or automatic bank tranfers; none for Guaranteed Savings option

0.99% for Putnam options (direct-sold); none for Guaranteed Savings option

Incuded in the asset-based management fee (direct-sold)

N/A, for this type of plan

Yes

Yes, 4 options: balanced fund(targets 60% equities, 40% fixed income), growth fund (targets 85% equities, 15% fixed income), aggressive growth fund (100% equities), and Guaranteed Savings Option that keeps pace with tuition at Ohio public universities.

Putnam (except for Guaranteed Savings Option)

Yes

Yes, 10% of earnings, removed when federal 10% penalty begins in 2002.

N/A, for this type of plan

Yes, in the Guaranteed Savings option only; a refund may not be requested until beneficiary reaches age 18 and declares intent not to attend college

Accepts contributions until account balances reach $229,000

$15

Open

Yes

Ohio
Putnam CollegeAdvantage Savings Plan

Yes, but only through brokers (residents should see Ohio CollegeAdvantage Savings Plan)

Yes, up to $2,000 per year, per beneficiary with unlimited carryforward of any excess contributions

None

$25 but waived if account balance exceeds $25,000 or you make deposits of at least $50 per month through payroll deduction or automatic bank transfers

Choose between A shares (3.50% sales load and 0.55% annual fee), B shares (0% - 2.5% deferred sales charge if account is terminated within 6 years and 1.10 annual fee), and C shares (0.80% annual fee)

Approx. range of 0.55% - 0.72% (portfolio weighted average)

N/A, for this type of plan

Yes

Yes, 3 options: balanced (targets 60% equities, 40% fixed income), growth (targets 85% equities, 15% fixed income), and aggressive growth (100% equities)

Putnam

Yes

Yes, 10% of earnings, removed when Federal 10% penalty begins in 2002

N/A, for this type of plan

Accepts contributions until account balances reach $229,000

$15

Open, available only through brokers

Oklahoma
Oklahoma College Savings Plan

Yes

Yes, up to $2,500 per year, per beneficiary beginning in 2002

None

0.60%

Approx. range 0.18% - 0.24% (portfolio weighted average)

N/A, for this type of plan

Yes

Yes, 2 options: 100% equity and principal-plus-interest option

TIAA-CREF

Yes

Yes, 10% of earnings (eliminated starting 2002)

N/A, for this type of plan

Yes, 12 months

Accepts contributions until account balances reach $235,000

$25, $15 per pay period for payroll deduction deposits

Open

Yes

Fully open to nonresidents?

State tax deduction for contributions?

Is your account guaranteed or backed by the state?

Enrollment fee:

Annual maintenance fee:

Asset-based management fee:

Underlying fund expenses:

Prepaid contract options:

Prepaid contract installment options:

Value of contract for private and out-of-state colleges:

Offers an age-based or years-to-enrollment investment program?

Does the program offer "static" investment options?

Investment/fund manager(s):

Plan covers tuition?

Mandatory fees?

Books, supplies and equipment?

Room and board?

Is there an earnings penalty on non-qualified withdrawals?

Prepaid contract cancellation:

Is there a minimum period before qualified withdrawals may be taken?

Any limits on age or account duration?

Maximum contributions:

Minimum contributions:

Enrollment period:

Online documents?

Online application process?

Online account access?

Oregon
Oregon College Savings Plan

Yes

Yes, up to $2,000 per donor per year ($1,000 for married couples filing separately)

None

0.325% (add another 0.65% for accounts opened through a broker)

Approx. range 0.77% - 1.32% (portfolio weighted average)

N/A, for this type of plan

Yes

Yes, 3 options: aggressive (targets 90% equity, 10% bond), moderate (targets 60% equity, 40% fixed income), conservative (targets 30% equity, 50% fixed income, 20% money market)

Strong Funds

Yes

Yes, 10% of earnings

N/A, for this type of plan

Accepts contributions until account balances reach $150,000

$250 (waived for automatic deposit and payroll deduction) and subsequent contributions must be at least $25

Open

Yes

Pennsylvania
Pennsylvania Tuition Account Program (TAP)

No, account owner or beneficiary must be a Pennsylvania resident

$50 (discounts may be available)

N/A, for this type of plan

None

N/A, for this type of plan

Full value based on selected tuition level

N/A, for this type of plan

Yes

Yes, $10 fee and 10% of unit growth (10% penalty removed in 2002 when federal penalty applies)

No earnings if canceled within 12 months

Yes, credits must be held for approximately 12 months before being redeemed for qualified expenses

Yes, approximately one-year wait after contribution is made before it can be withdrawn for college

Cumulative contribution limit of $260,000 per beneficiary

Open

Yes

Pennsylvania
Savings plan under development

N/A, plan under development

N/A, for this type of plan

N/A, plan under development

N/A, for this type of plan

N/A, plan under development

Rhode Island
CollegeBoundfund

Yes, but nonresidents must incur higher costs of broker-sold shares

None

$25 but waived if the account owner or beneficiary is a Rhode Island resident or the account balance is at least $25,000 or you make contributions through an automatic plan or payroll deduction

0.90% - 1.10%; nonresident and broker-sold accounts must choose between A shares (3.25% sales load and additional 0.25% annual fee), B shares (0% - 2.5% deferred sales charge if account is terminated within 5 years and 0.60% additional annual fee), and C shares (0.50% additional annual fee)

Included in asset-based management fee

N/A, for this type of plan

Yes, 2 versions: aggressive growth and growth

Yes, 3 options: aggressive growth equity, growth equity, balanced

Alliance Capital

Yes

Yes, 10% of earnings plus a $50 fee

N/A, for this type of plan

Accepts contributions until account balances reach $265,620

$250 and subsequent contributions must be at least $50

Open

Yes

South Carolina
South Carolina Tuition Prepayment Program

No, beneficiary must be a South Carolina resident for at least 12 months prior to enrollment date

Yes, unlimited SC deduction for contributions after July 13, 2001

Yes, legislature required to consider appropriation to return all payments plus 4% interest in event program is canceled

$75

N/A, for this type of plan

Four years of undergraduate tuition and fees or two years of undergraduate tuition and fees at a South Carolina public institution

Lump sum, 48 monthly installments, monthly installments through the year of projected enrollment, or down payment with reduced monthly payments

Valued at lesser of in-state contract value or actual tuition cost. A $30 fee applies for use of benefits at an out-of-state school.

N/A, for this type of plan

Yes

N/A, for this type of plan

Cancel at any time and receive a refund of payments and 90% of your share of actual program earnings (no earnings if canceled in first year) less $100 fee

Yes, beneficiary must be in the 10th grade or below

Yes, beneficiary must be in 10th grade or below as of the beginning of the enrollment period; benefits must be used by the time the beneficiary is 30 years old with an extension for up to 4 years in the military

$17,666 for a four-year university contract purchased in a lump sum for a tenth grader (installment options incur higher total payments)

$8,156 for a two-year contract purchased in a lump sum for a newborn, installment option available as low as $72/month

October 1 - January 31 except that you may enroll newborn beneficiaries at any time

Yes

South Carolina
Savings plan under development

N/A, plan under development

Yes, unlimited beginning in 2002

N/A, plan under development

N/A, for this type of plan

N/A, plan under development

N/A, for this type of plan

N/A, plan under development

South Dakota
Savings plan under development

N/A, plan under development

N/A, for this type of plan

N/A, plan under development

N/A, for this type of plan

N/A, plan under development

Fully open to nonresidents?

State tax deduction for contributions?

Is your account guaranteed or backed by the state?

Enrollment fee:

Annual maintenance fee:

Asset-based management fee:

Underlying fund expenses:

Prepaid contract options:

Prepaid contract installment options:

Value of contract for private and out-of-state colleges:

Offers an age-based or years-to-enrollment investment program?

Does the program offer "static" investment options?

Investment/fund manager(s):

Plan covers tuition?

Mandatory fees?

Books, supplies and equipment?

Room and board?

Is there an earnings penalty on non-qualified withdrawals?

Prepaid contract cancellation:

Is there a minimum period before qualified withdrawals may be taken?

Any limits on age or account duration?

Maximum contributions:

Minimum contributions:

Enrollment period:

Online documents?

Online application process?

Online account access?

Tennessee
Tennessee's BEST Prepaid Tuition Plan

No, account owner or beneficiary must be a Tennessee resident

None

N/A, for this type of plan

Yes

Yes, 10% of earnings plus a $25 fee

N/A, for this type of plan