Compare 529 Plans - Saving for College (2024)

Plan

Minimum contributions

AlabamaABLE

Alabama

The minimum initial contribution amount is $25 per ABLE Account. The minimum subsequent contribution amount is $5 per ABLE Account.

CollegeCounts 529 Fund

Alabama

No minimum.

CollegeCounts 529 Fund Advisor Plan

Alabama

No minimum.

Alaska 529

Alaska

With lump-sum contributions, the minimum initial contribution is $25, and the minimum subsequent contribution is $25. With the automatic investment plan, the minimum contribution level is $25 per portfolio per month.

Alaska ABLE Plan

Alaska

The initial and additional contribution minimum is $25.

John Hanco*ck Freedom 529

Alaska

With lump-sum contributions, the minimum initial contribution is $250, and the minimum subsequent contribution is $50. With the automatic investment plan, the minimum contribution level is $50 per month.

T. Rowe Price College Savings Plan

Alaska

Due to our Ascensus transition there is no longer a minimum contribution for any contributions.

AZ ABLE

Arizona

The minimum initial contribution amount is $25.00 per STABLE Account. The minimum subsequent contribution amount is $1.00 per STABLE Account.

AZ529, Arizona's Education Savings Plan

Arizona

There is no minimum to open an account. With the automatic investment plan, the minimum contribution level is $15 per month or $45 per quarter.

AZ529, Arizona's Education Savings Plan - Bank Plan

Arizona

Fixed Rate CDs:
With lump-sum contributions, the minimum initial contribution is $250. With the automatic investment plan, the minimum contribution level is $25 per month via electronic funds transfer, or $25 per pay period via payroll deduction. Deposits under $250 are held in an interest bearing savings account, and each time the balance reaches $250, a CD purchase is made.

Honors Savings Account:
The minimum initial deposit is $250. With the automatic investment plan, the minimum contribution level is $25 per month via electronic funds transfer, or $25 per pay period via payroll deduction.

The Goldman Sachs 529 Plan

Arizona

The minimum initial contribution to an account is $250 per account, and subsequent contributions have a $25 minimum.

AR ABLE

Arkansas

The initial and additional contribution minimum is $25.

Arkansas Brighter Future Direct Plan

Arkansas

With lump-sum contributions, the minimum initial contribution is $25, and the minimum subsequent contribution is $10. With the automatic investment plan, the minimum contribution level is $10 per month or $30 per quarter via bank transfer or $5 per pay period via payroll deduction.

Brighter Future Advisor Plan

Arkansas

With lump-sum contributions, the minimum initial contribution is $500, and the minimum subsequent contribution is $50. With the automatic investment plan, the minimum contribution level is $50 per month or $150 per quarter via bank transfer or $25 per pay period via payroll deduction. The minimum contribution drops to $25 for gift contributions made through the Plan's Ugift feature.

CalABLE

California

The minimum initial contribution amount is $25, and the minimum subsequent contribution amount is $1.

ScholarShare 529

California

Any dollar amount

Colorado ABLE

Colorado

The initial and additional contribution minimum is $25.

Direct Portfolio College Savings Plan

Colorado

The minimum initial contribution is $25, and the minimum subsequent contribution is $15.

Scholars Choice Education Savings Plan

Colorado

The minimum initial contribution is $25, and the minimum subsequent contribution is $25. There is no minimum for accounts using payroll direct deposit.

Smart Choice College Savings Plan

Colorado

No minimum.

Stable Value Plus College Savings Program

Colorado

The minimum initial contribution is $25, and the minimum subsequent contribution is $25.

ABLE CT

Connecticut

The initial and additional contribution minimum is $25.

CHET Advisor 529 College Savings Program

Connecticut

There is no minimum to open an account. With the automatic investment plan, the minimum contribution level is $50 per month or $150 per quarter.

Connecticut Higher Education Trust (CHET)

Connecticut

There is no minimum to open an account. With the automatic investment plan, the minimum contribution level is $15 per month or $45 per quarter.

DE529 Education Savings Plan

Delaware

There is no minimum to open an account. With the automatic investment plan, the minimum contribution level is $15 per month or $45 per quarter.

DEPENDABLE

Delaware

The initial and additional contribution minimum is $25.

DC ABLE

District of Columbia

The initial and additional contribution minimum is $25.

DC College Savings Plan

District of Columbia

With lump-sum contributions, the minimum initial contribution is $25, and the minimum subsequent contribution is $25. With the automatic investment plan, the minimum contribution level is $15 per pay period via payroll deduction.

ABLE United

Florida

$25, None

Florida 529 Prepaid Plan

Florida

In the 2020-2021 enrollment, $8,495.74 for a two-year community college contract purchased in a lump sum for a newborn; installment option available as low as $53.70/month.

Florida 529 Savings Plan

Florida

No minimum contribution.

Georgia STABLE

Georgia

The minimum initial contribution is $25.00 and the minimumsubsequent contribution is $1.00.

Path2College 529 Plan

Georgia

$25 (any dollar amount is accepted for contributions made viapayroll direct deposit).

Hawai'i ABLE

Hawaii

The minimum initial contribution amount is $25 per ABLE account. The minimum subsequent contribution amount is $10 per ABLE account.

Hawaii's College Savings Program

Hawaii

$15

Idaho College Savings Program (IDeal)

Idaho

$25, or $15 per pay period via payroll deduction.

Bright Directions Advisor-Guided 529 College Savings Program

Illinois

No minimum

Bright Start Direct-Sold College Savings Program

Illinois

No minimum.

College Illinois! 529 Prepaid Tuition Program

Illinois

In the 2016-2017 enrollment period, $2,022 for a 1-semester community college contract purchased in a lump sum for a newborn, installment option available as low as $43/month.

Illinois ABLE

Illinois

The initial and additional contribution minimum is $25.

CollegeChoice CD 529 Savings Plan

Indiana

Fixed Rate CDs:With lump-sum contributions, the minimum initial contribution is $250. With the automatic investment plan, the minimum contribution level is $25 per month via electronic funds transfer, or $25 per pay period via payroll deduction. Deposits under $250 are held in an interest bearing savings account, and each time the balance reaches $250, a CD purchase is made.

Honors Savings Account:The minimum initial deposit is $250. With the automatic investment plan, the minimum contribution level is $25 per month via electronic funds transfer, or $25 per pay period via payroll deduction.

Indiana529 Advisor Savings Plan

Indiana

$25

Indiana529 Direct Savings Plan

Indiana

$10

INvestABLE Indiana

Indiana

The initial and additional contribution minimum is $25.

College Savings Iowa

Iowa

$25, or $15 per pay period via payroll deduction.

IAble Plan

Iowa

The initial and additional contribution minimum is $25.

IAdvisor 529 Plan

Iowa

With lump-sum contributions, the minimum initial contribution is $250 per investment option ($50 per month per option with the automatic investment plan, $25 per pay period per option with payroll direct deposit). The minimum subsequent contribution is $50 per investment option ($50 per month per option with the automatic investment plan, $25 per pay period per option with payroll direct deposit).

Kansas ABLE Savings Plan

Kansas

The initial and additional contribution minimum is $25.

Learning Quest 529 Education Savings Program (Direct-sold)

Kansas

No minimum

Learning Quest Advisor

Kansas

No minimum

Schwab 529 College Savings Plan

Kansas

No minimum

KY Saves 529

Kentucky

As of May 1, 2022 KY Saves will no longer require a minimum contribution amount for contributions received by check, recurring contributions, payroll direct deposit, or EFT.

STABLE Kentucky

Kentucky

The minimum initial contribution amount is $25.00 per STABLE Account. The minimum subsequent contribution amount is $1.00 per STABLE Account.

LA ABLE

Louisiana

An initial deposit is not required to open an ABLE Account; however, a deposit of $10 must be made within 180 days from the date on the letter of notification of approval of the account.

START Saving Program

Louisiana

$10

ABLE ME

Maine

A $25 minimum deposit is required to open an account.

NextGen 529 -- Client Direct Series

Maine

With lump-sum contributions, the minimum initial contribution is $25; may be waived for Maine residents eligible for certain grants, and there is no minimum subsequent contribution. With the automatic investment plan, there is no initial contribution amount required or no minimum subsequent contribution required.

NextGen 529 -- Client Select Series

Maine

The minimum initial contribution is $25, which may be waived for Maine residents eligible for certain Maine grants. With the automatic investment plan, there is no initial contribution amount required and no minimum amount for subsequent contributions.

Maryland 529 -- Maryland Senator Edward J. Kasemeyer College Investment Plan

Maryland

The minimum contribution requirement is $25 per portfolio. The minimum for subsequent contributions, automatic monthly contributions and/or payroll deductions is $25 per portfolio.

Maryland 529 -- Maryland Senator Edward J. Kasemeyer Prepaid College Trust

Maryland

In the 2020-2021 enrollment, $5,099 for a one-year community college contract purchased in a lump sum for a newborn; installment option available as low as $44/month

Maryland ABLE

Maryland

The minimum initial contribution amount to open an account is $25. The minimum subsequent contribution amount is $10.

Attainable Savings Plan

Massachusetts

None

U.Fund College Investing Plan

Massachusetts

There is no minimum to open an account. With the automatic investment plan, the minimum contribution level is $15 per month or $45 per quarter.

U.Plan

Massachusetts

$300 per maturity year.

MI 529 Advisor Plan

Michigan

$25 per investment portfolio.

MiABLE

Michigan

$25 per account unless the account owner signs up for the automatic investment plan (AIP) or payroll deduction of at least $15 per payroll. The minimum subsequent contribution amount is $25, but is waived if the account owner is signed up for AIP or payroll deduction.

Michigan Education Savings Program (MESP)

Michigan

$25, or $15 per pay period via payroll deduction.

Michigan Education Trust

Michigan

In the December 2020 - September 2021 enrollment, $1,875 for a one-semester Community College contract purchased in a lump sum for a newborn. Installment plan payments available for as low as $16 per month.

Minnesota ABLE Plan

Minnesota

The initial and additional contribution minimum is $25.

Minnesota College Savings Plan

Minnesota

$25 per investment option, or $15 per investment option via payroll deduction.

Mississippi ABLE

Mississippi

The initial and additional contribution minimum is $25.

Mississippi Affordable College Savings (MACS) Program

Mississippi

$25, or $15 per pay period via payroll deduction.

Mississippi Prepaid Affordable College Tuition (MPACT) Program

Mississippi

In the 2021 enrollment, $1,887 for a one-year junior/community college contract (15 semester hours) purchased in a lump sum for a newborn; installment option available as low as $16/month.

MO ABLE

Missouri

The minimum initial contribution amount is $25.00 per STABLE Account. The minimum subsequent contribution amount is $1.00 per STABLE Account.

MOST - Missouri's 529 Education Plan (Direct-sold)

Missouri

No minimum.

Achieve Montana

Montana

$25 or $15 through payroll deduction.

Montana ABLE

Montana

The initial and additional contribution minimum is $25

Bloomwell 529 Education Savings Plan

Nebraska

No minimum.

Enable Savings Plan

Nebraska

The minimum initial contribution amount is $50 per account unless the account owner signs up for AIP or payroll deduction of at least $25 per month. The minimum subsequent contribution amount is $25, but is waived if the account owner is signed up for AIP or payroll deduction.

Nebraska Education Savings Trust -- Advisor College Savings Plan

Nebraska

No minimum.

Nebraska Education Savings Trust -- Direct College Savings Plan

Nebraska

No minimum.

State Farm 529 Savings Plan

Nebraska

With lump-sum contributions, the minimum initial contribution is $250 per account, and the minimum subsequent contribution is $50 per portfolio. With the automatic investment plan, the minimum contribution level is $50 per portfolio.

ABLE Nevada

Nevada

The initial and additional contribution minimum is $25.

Future Path 529 Plan

Nevada

With lump-sum contributions, the minimum initial contribution is $15, and the minimum subsequent contribution is $15 per month or $45 per quarter. With the automatic investment plan, the minimum contribution level is $15 per month or $45 per quarter via bank transfer or $15 per paycheck via payroll deduction.

Nevada Prepaid Tuition Program

Nevada

In the 2020-2021 enrollment, $4,807 for a two-year community college contract purchased in a lump sum for a newborn, installment option available as low as $39/month.

Putnam 529 for America

Nevada

$25 minimum initial contribution, currently being waived.

The Vanguard 529 College Savings Plan

Nevada

The minimum initial contribution is $3,000 or $50 through an employer automatic investment plan. The minimum initial contribution for Nevada residents is $1,000 or $50 through employer automatic investment. The minimum subsequent contribution is $50.

USAA 529 Education Savings Plan

Nevada

The initial contribution is $50 with the establishment of an automatic investment plan of at least $50 per month or $150 per quarter ($15 for contributions through Ugift), or $250 lump-sum contribution.

Wealthfront 529 College Savings Plan

Nevada

$500 minimum initial contribution. Subsequent contributions must be at least $100.

Fidelity Advisor 529 Plan

New Hampshire

There is no minimum to open an account. With the automatic investment plan, the minimum contribution level is $50 per month or $150 per quarter.

STABLE NH

New Hampshire

The minimum initial contribution amount is $25.00 per STABLE Account. The minimum subsequent contribution amount is $1.00 per STABLE Account.

The NH ABLE Plan

New Hampshire

The initial minimum contribution amount is $25.00. The minimumcontribution amount using the paper Additional Contributions Form is $1.00

UNIQUE College Investing Plan

New Hampshire

There is no minimum to open or contribute to a 529 account. With the automatic investment plan , the minimum contribution level is $15 per month or $45 per quarter.

Franklin Templeton 529 College Savings Plan

New Jersey

$250, or $25 if you choose automatic monthly investing. A FinancialIntermediary may impose other minimum initial or ongoingcontribution requirements.

NJ ABLE

New Jersey

The initial and additional contribution minimum is $25.

NJBEST 529 College Savings Plan

New Jersey

$25 per investment option. Until total contributions to an account reach $1,200, a minimum of $300 per year must be contributed to keep an account open.

ABLE New Mexico

New Mexico

The minimum initial contribution amount is $25.00 per Account. The minimum subsequent contribution amount is $1.00 per Account.

Scholar's Edge

New Mexico

No minimum.

The Education Plan's College Savings Program

New Mexico

No minimum.

New York's 529 Advisor-Guided College Savings Plan

New York

The minimum initial contribution is $1,000 per account. The minimum subsequent contribution is $25 per account. A minimum initial investment of $25 per month or $75 per quarter is required for a recurring contribution,or $25 per month by payroll direct deposit per account.

New York's 529 College Savings Program -- Direct Plan

New York

No minimum.

NY ABLE

New York

The initial and additional contribution minimum is $25.

Morgan Stanley National Advisory 529 Plan

North Carolina

The minimum initial contribution is $1,000; no minimum for subsequent contributions.

NC 529 Plan

North Carolina

The minimum initial contribution is $25 and the minimum subsequent contribution is $25.

NC ABLE

North Carolina

The initial and additional contribution minimum is $25.

College SAVE (Advisor)

North Dakota

The minimum initial contribution is $25.00 and the minimum subsequent contribution is $25.00 ($12.50 for payroll direct deposit.)

College SAVE (Direct)

North Dakota

The minimum initial contribution is $25.00 and the minimum subsequent contribution is $25.00 ($12.50 for payroll direct deposit.)

BlackRock CollegeAdvantage Advisor 529 Savings Plan

Ohio

The minimum initial contribution is $25 per investment option and the minimum subsequent contribution is $25.

Ohio's 529 Plan, CollegeAdvantage

Ohio

$25 ($500 for the Fifth Third Bank CD option).

STABLE Account

Ohio

The minimum initial contribution amount is $25.00 per STABLE Account. The minimum subsequent contribution amount is $1.00 per STABLE Account.

Oklahoma 529

Oklahoma

The minimum initial and subsequent contribution is $25. There is no minimum for contributions via payroll deduction direct deposit.

Oklahoma Dream 529 Plan

Oklahoma

None, The minimum investment for systematic investing is $50/monthor $150/quarter for account owners who choose to contribute using a systematic investment plan with automatic transfers from bank or money market account.

Oklahoma STABLE

Oklahoma

The minimum initial contribution amount is $25.00 per STABLE Account. The minimum subsequent contribution amount is $1.00 per STABLE Account.

ABLE for All

Oregon

The minimum initial contribution amount is $25 per ABLE account. The minimum subsequent contribution amount is $10 per ABLE account.

MFS 529 Savings Plan

Oregon

With lump-sum contributions, the minimum initial contribution is $250. There is no minimum for subsequent contributions or for contributions into the automatic contribution plan.

Oregon ABLE Savings Plan

Oregon

The minimum initial contribution amount is $25 per ABLE account. The minimum subsequent contribution amount is $10 per ABLE account.

Oregon College Savings Plan

Oregon

The minimum initial and subsequent contribution is $25 per investment portfolio. Subsequent contributions must be at least $5 per investment portfolio. With the automatic investment plan, the minimum contribution level is $5 per month. With automatic payroll deductions, the minimum contribution level is $5 per investment portfolio per pay period.

Private College 529 Plan

Other

$25, but contributions must reach $500 within two years of opening an account. An installment payment plan provides for payments of as little as $25 per month over a two-year period.

PA ABLE

Pennsylvania

The initial and additional contribution minimum is $25.

Pennsylvania 529 Guaranteed Savings Plan

Pennsylvania

No initial deposit required. Subsequent deposits can be a little as $1.

Pennsylvania 529 Investment Plan

Pennsylvania

No initial deposit required. Subsequent deposits can be a little as $1.

CollegeBound 529 (Advisor-sold)

Rhode Island

None

CollegeBound Saver (Direct-sold)

Rhode Island

None

RI's ABLE

Rhode Island

The initial and additional contribution minimum is $25.

Future Scholar 529 College Savings Plan (Advisor-sold)

South Carolina

With lump-sum contributions, the minimum initial contribution is $100, and the minimum subsequent contribution is $25. With the automatic investment plan, there are no minimum payments.

Future Scholar 529 College Savings Plan (Direct-sold)

South Carolina

None

Palmetto ABLE Savings Program

South Carolina

The minimum initial contribution amount is $25.00 per STABLE Account. The minimum subsequent contribution amount is $1.00 per STABLE Account.

CollegeAccess 529 (Advisor-sold)

South Dakota

With lump-sum contributions, the minimum initial contribution is $1,000 ($250 per investment option), and the minimum subsequent contribution is $50 per investment option. With the automatic investment plan, the minimum initial contribution is $50 and the minimum subsequent contribution level is $50 per month.

CollegeAccess 529 (Direct-sold)

South Dakota

With lump-sum contributions, the minimum initial contribution is $250 per investment option, and the minimum subsequent contribution is $50 per investment option. With the automatic investment plan, the minimum contribution level is $50 per investment option per month.

ABLE TN

Tennessee

There is minimum $25 initial contribution per investment option required to open account.

TNStars College Savings 529 Program

Tennessee

The minimum initial or subsequent contribution to an account for each investment option is $25. Once an initial contribution is made to the account, there are no required subsequent contributions. There is a minimum $25 contribution to establish the account, regardless of the number of investment options selected.

LoneStar 529 Plan

Texas

$25 per portfolio, or $15 per portfolio with the automatic contribution plan.

Texas ABLE

Texas

Initial contribution of $50 and subsequent contribution minimum of $25.

Texas College Savings Plan

Texas

$25 per portfolio, or $15 per portfolio with the automatic contribution plan.

Texas Tuition Promise Fund

Texas

One unit initially; subsequent purchases must be at least $15. Extended payment plans are available.

ABLE Utah

Utah

The minimum initial contribution amount is $25.00 per STABLE Account. The minimum subsequent contribution amount is $1.00 per STABLE Account.

my529

Utah

No minimum.

Vermont ABLE

Vermont

The minimum initial contribution amount is $25.00 per STABLE Account. The minimum subsequent contribution amount is $1.00 per STABLE Account.

Vermont Higher Education Investment Plan

Vermont

$25, or $15 per pay period via payroll deduction.

ABLEAmerica

Virginia

The minimum amount required by each of the American Funds selected.

ABLEnow

Virginia

There is no minimum initial contribution amount or minimum subsequent contribution amount, however the first $2,000 will be held in the deposit account and only additional funds may be allocated to other investment options.

CollegeAmerica

Virginia

The minimum initial contribution is $250 per fund ($1,000 for U.S. Government Money Market Fund), and the minimum subsequent contribution is $50 per fund. For an employer-sponsored program, the minimum contributions are $25 per fund.

Invest529

Virginia

The minimum initial contribution is $10. No minimum ongoing contributions are required.

DreamAhead College Investment Plan

Washington

Initial contribution of $25 per portfolio; $5 per portfolio thereafter

Guaranteed Education Tuition (GET)

Washington

Minimum initial contribution of $25 per account and no minimum for subsequent contributions. The minimum contribution amount for payroll direct deposit is $5 per account per month.

Washington State ABLE Savings Plan

Washington

The minimum initial contribution amount is $25 per ABLE account. The minimum subsequent contribution amount is $10 per ABLE account.

SMART529 Prepaid Tuition Plan

West Virginia

One semester unit.

SMART529 Select

West Virginia

With lump-sum contributions, the minimum initial contribution is $250 per fund ($50 per fund for West Virginia residents), and the minimum subsequent contribution is $25 per fund (no minimum for West Virginia residents). With the automatic investment plan, the minimum contribution level is $25 per month per fund ($15 per month per fund for West Virginia residents).

SMART529 WV Direct College Savings Plan

West Virginia

No minimum.

The Hartford SMART529

West Virginia

With lump-sum contributions, the minimum initial contribution is $250 ($50 for West Virginia residents), and the minimum subsequent contribution is $25 (no minimum for West Virginia residents). With the automatic investment plan, the minimum contribution level is $25 per month ($15 per month for West Virginia residents).

WV ABLE

West Virginia

The minimum initial contribution amount is $25.00 per Account. The minimum subsequent contribution amount is $1.00 per Account.

Edvest 529

Wisconsin

The minimum initial and subsequent contribution to an account is $25. There is no minimum if you contribute by payroll direct deposit.

Tomorrow's Scholar 529 Plan

Wisconsin

$250, or $25 per month with the automatic contribution plan.

WY ABLE

Wyoming

The minimum initial contribution amount is $25.00 per Account. The minimum subsequent contribution amount is $1.00 per Account.

Compare 529 Plans - Saving for College (2024)
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