Highest 5-Cap Ratings Awarded to California, Maine, New York and Ohio 529 Plans

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Savingforcollege.com’s latest quarterly 5-Cap Ratings show highest scores from 529 college savings programs offered by California, Maine, New York and Ohio.

Latest 5-Cap Ratings Announced

The distinction of a 5-Cap Rating helps consumers and financial professionals make an informed decision when selecting a college savings plan.”

Savingforcollege.com, the leading independent source of information related to 529 plans and other ways to save and pay for college, has published 5-Cap Ratings for the quarter ended December 31, 2016.

Ratings are assigned to each state-sponsored program ranging from one cap (least attractive) to 5 caps (most attractive). The 5-Cap Rating represents an opinion of the overall usefulness of a state's 529 plan based on many considerations.

According to Savingforcollege.com, a plan with a rating of 5 Caps offers outstanding flexibility, attractive investments and additional economic benefits (such as generous tax incentives) that can offer a substantial boost in savings for some investors. There are few, if any, weaknesses in these programs.

California’s Scholarshare College Savings Plan, Maine’s NextGen College Investing Plan, New York’s 529 College Savings Program - Direct and Ohio’s CollegeAdvantage Direct 529 Savings Program all received ratings of 5-Caps for residents and non-residents investing in the plans.

A total of 17 savings plans received a 5-Cap Rating in either the resident or non-resident category. These plans are listed below.

“We provide an independent and objective assessment to prospective investors,” commented Martha Kortiak Mert, VP of Marketing for Savingforcollege.com. “The distinction of a 5-Cap Rating helps consumers and financial professionals make an informed decision when selecting a college savings plan.”

The full reports showing ratings for all direct- and advisor-sold 529 plans can be viewed at http://www.savingforcollege.com/5_cap_ratings/.

  •     AK: University of Alaska College Savings Plan – Non-Resident 4.5; Resident 5
  •     CA: The Scholarshare College Savings Plan - Non-Resident 5; Resident 5
  •     CO: Scholar’s Choice College Savings Program - Non-Resident: 4.5; Resident: 5
  •     CO: Direct Portfolio College Savings Plan - Non-Resident 4; Resident 5
  •     IL: Bright Start College Savings Program – Direct-Sold Plan - Non-Resident 4.5; Resident 5
  •     IA: College Savings Iowa - Non-Resident 4.5; Resident 5
  •     ME: NexGen College Investing Plan – Client Direct Series - Non-Resident: 5; Resident: 5
  •     MI: Michigan Education Savings Program - Non-Resident 4.5; Resident 5
  •     NE: Nebraska Education Savings Trust – Advisor College Savings Plan - Non-Resident 4.5; Resident: 5
  •     NE: Nebraska Education Savings Trust – Direct College Savings Plan - Non-Resident 4.5; Resident 5
  •     NY: New York’s 529 College Savings Program – Direct Plan - Non-Resident 5; Resident 5
  •     OH: Ohio CollegeAdvantage 529 College Savings Plan - Non-Resident 5; Resident 5
  •     SC: Future Scholar 529 College Savings Plan (Direct-Sold) - Non-Resident 4.5; Resident 5
  •     SC: Future Scholar 529 College Savings Plan (Advisor-Sold) - Non-Resident 4.5; Resident 5
  •     UT: Utah Educational Savings Plan (UESP) Trust - Non-Resident 4.5; Resident 5
  •     WV: SMART529 WV Direct - Non-Resident 4.5; Resident 5
  •     WI: Edvest (Direct-Sold) - Non-Resident 4.5; Resident 5

About Savingforcollege.com:
Savingforcollege.com has been a leading independent authority on 529 college savings plans since 1999. The site compiles and analyzes data, and creates content and tools to provide parents, financial professionals and state agencies with resources to help them understand how to meet the challenge of increasing higher education costs.

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Kathryn Flynn
Saving For College LLC
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since: 05/2010
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