Compare 529 college savings plans

Many 529 savings plans feature Vanguard funds and/or investment management. Choose a plan associated with Vanguard and compare it with other 529 savings plans.

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General
Future Scholar 529 College Savings Plan (Direct-sold) (SC)
State sponsor South Carolina
Program manager Columbia Management Investment Distributors, Inc.
Investment manager/​underlying investments
  • Columbia Management mutual funds
  • Vanguard funds
  • iShares Barclays TIPS Bond fund
  • BB&T bank deposit account
Residency required The account owner or beneficiary must be a resident of South Carolina, or an employee of the State of South Carolina at the time of program enrollment.
How to purchase Enroll directly with the program.
State benefits & tax information
Future Scholar 529 College Savings Plan (Direct-sold) (SC)
Maximum annual state deduction South Carolina allows state residents to deduct annual contributions they make to any South Carolina 529 plan from their state income taxes. There is an annual deduction limit of $400,000 for an individual taxpayer and $400,000 for married taxpayers filing jointly.
Are qualified distributions from in-state plans state-tax exempt? Yes
Are qualified distributions from out-of-state plans state-tax exempt? Yes
State tax treatment of rollovers State follows federal tax treatment for rollovers.
Tax recapture provisions The principal portion of non-qualified withdrawals will be subject to recapture to the extent of prior state tax deductions.
Fees & expenses
Future Scholar 529 College Savings Plan (Direct-sold) (SC)
Enrollment None.
Maintenance None
Total asset-based expense ratio
  • Age-based options: 0.06% - 0.16%
  • Static/individual options: 0.00% - 0.25%
Contributions
Future Scholar 529 College Savings Plan (Direct-sold) (SC)
Minimum contributions
  • Minimum initial contribution: $250
  • Minimum subsequent contribution: $50
  • Minimum automatic investment plan contribution: $50
  • Minimum payroll deduction plan contribution: $50
Maximum funding amount Accepts contributions for a given beneficiary until South Carolina 529 account balances reach $400,000
Investment options
Future Scholar 529 College Savings Plan (Direct-sold) (SC)
Summary of investment options
Age-based portfolios
3 age-based options
  • Aggressive Risk Track (6 portfolios)
  • Moderate Risk Track (6 portfolios)
  • Conservative Risk Track (6 portfolios)
Individual portfolios
17 static/individual portfolios
  • 7 multi-fund portfolios
  • 10 individual-fund portfolios
Other features
Future Scholar 529 College Savings Plan (Direct-sold) (SC)
Formal agreement with rewards program or outside scholarship program? Yes, with the Upromise rewards service
Creditor protection Under South Carolina law, accounts in a South Carolina 529 plan are exempt from attachment, garnishment, levy, and sale under any means or final process issued by any court or bankruptcy proceeding.
Time or age restrictions None
Contact information
Future Scholar 529 College Savings Plan (Direct-sold) (SC)
Telephone 1-888-244-5674
Web address http://www.futurescholar.com
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