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.

State tax benefits may not apply to K-12 tuition. K-12 tuition can be treated as a qualified education expense under the federal tax benefit. Because each state makes its own rules, it's less clear whether account owners can receive a state tax break for K-12 tuition. To find out if you qualify for a state benefit, check the state where you pay state income tax—even if another state sponsors your 529 plan. You should consult your tax advisor for guidance.

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General
The Vanguard 529 College Savings Plan (NV) Future Scholar 529 College Savings Plan (Direct-sold) (SC)
State sponsor Nevada South Carolina
Program manager Ascensus Broker Dealer Services, Inc. Columbia Management Investment Distributors, Inc.
Investment manager/​underlying investments
  • Vanguard mutual funds
  • Columbia Management mutual funds
  • Vanguard funds
  • iShares Barclays TIPS Bond fund
  • BB&T bank deposit account
Residency required None 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. Enroll directly with the program.
State benefits & tax information
The Vanguard 529 College Savings Plan (NV) Future Scholar 529 College Savings Plan (Direct-sold) (SC)
Maximum annual state deduction Not Applicable. There is no personal income tax in Nevada. 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 $520,000 for an individual taxpayer and $520,000 for married taxpayers filing jointly.
Are qualified distributions from in-state plans state-tax exempt? N/A - no state tax Yes
Are qualified distributions from out-of-state plans state-tax exempt? N/A - no state tax Yes
State tax treatment of rollovers N/A - no state tax State follows federal tax treatment for rollovers.
Tax recapture provisions N/A - no state tax The principal portion of non-qualified withdrawals will be subject to recapture to the extent of prior state tax deductions.
Fees & expenses
The Vanguard 529 College Savings Plan (NV) Future Scholar 529 College Savings Plan (Direct-sold) (SC)
Enrollment None. None.
Maintenance None None
Total asset-based expense ratio
  • Age-based options: 0.14%
  • Static/individual options: 0.12% - 0.42%
  • Age-based options: 0.06% - 0.16%
  • Static/individual options: 0.00% - 0.25%
Contributions
The Vanguard 529 College Savings Plan (NV) Future Scholar 529 College Savings Plan (Direct-sold) (SC)
Minimum contributions
  • Minimum initial contribution: $1,000; $3,000 for out-of-state residents
  • Minimum subsequent contribution: $50
  • Minimum automatic investment plan contribution: $50
  • Minimum payroll deduction plan contribution: $50
    No minimums
Maximum funding amount Accepts contributions for a given beneficiary until Nevada 529 account balances reach $500,000 Accepts contributions for a given beneficiary until South Carolina 529 account balances reach $520,000
Investment options
The Vanguard 529 College Savings Plan (NV) Future Scholar 529 College Savings Plan (Direct-sold) (SC)
Summary of investment options
Age-based portfolios
1 age-based option
3 age-based options
  • Aggressive Track (9 portfolios)
  • Moderate Track (9 portfolios)
  • Conservative Track (9 portfolios)
Individual portfolios
20 static/individual portfolios
  • 6 multi-fund portfolios
  • 14 individual-fund portfolios
17 static/individual portfolios
  • 7 multi-fund portfolios
  • 10 individual-fund portfolios
Other features
The Vanguard 529 College Savings Plan (NV) Future Scholar 529 College Savings Plan (Direct-sold) (SC)
Formal agreement with rewards program or outside scholarship program? Yes, with the Upromise rewards service Yes, with the Upromise rewards service
Creditor protection If the debtor is domiciled in Nevada (as defined by bankruptcy law), Nevada law provides that up to $500,000 of assets held in a 529 Plan account may be protected from creditors, depending upon when such assets were contributed to the account and whether they are eventually used to pay qualifying higher-education expenses of the account beneficiary. 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 The Vanguard Plan is open to U.S. citizens and resident aliens who are at least 18 years old, have a Social Security number or taxpayer identification number, and have a U.S. permanent address that is not a P.O. box. There are no restrictions on state of residence or income. None
Contact information
The Vanguard 529 College Savings Plan (NV) Future Scholar 529 College Savings Plan (Direct-sold) (SC)
Telephone 1-866-734-4530 1-888-244-5674
Web address http://www.vanguard.com/vanguard529 http://www.futurescholar.com
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