How many states offer 529 plans with a wide variety of investment options?
Every state, except Wyoming, offers at least one 529 plan. Some of these states offer more investment options (ranging from more conservative to more aggressive), some are better managed, some have better returns, and some have lower fees. In general, there are two basic types of 529 plans, prepaid programs and savings plans. Many states offer both or some combination of the two. 7. What is a 529 Prepaid Tuition Plan? A prepaid program is a type of 529 plan which involves the purchase of future tuition at an institution located in the state which administers the particular plan. There are three types of prepaid programs: contract programs, unit programs, and voucher programs. A contract program involves a one-time or series of cash payments in exchange for which the state agrees to pay all the required tuition and fees at any public college or university in that state. A unit program involves the purchase of units of tuition which can be redeemed in the future for tuition and fees, and
