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) New York's 529 College Savings Program - Direct Plan (NY)
State sponsor Nevada New York
Program manager Ascensus Broker Dealer Services, Inc. Ascensus Broker Dealer Services, Inc.
Investment manager/​underlying investments
  • Vanguard mutual funds
  • Vanguard
Residency required None None
How to purchase Enroll directly with the program. Enroll directly with the program.
State benefits & tax information
The Vanguard 529 College Savings Plan (NV) New York's 529 College Savings Program - Direct Plan (NY)
Maximum annual state deduction Not Applicable. There is no personal income tax in Nevada. New York allows state residents to deduct annual contributions they make to any New York 529 plan from their state income taxes. There is an annual deduction limit of $5,000 for an individual taxpayer and $10,000 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 with some exceptions. A rollover out of a New York 529 plan to a non-New York Plan may be treated as a nonqualified withdrawal.
Tax recapture provisions N/A - no state tax The principal portion of non-qualified withdrawals and outbound rollovers will be subject to recapture to the extent of prior state tax deductions.
Fees & expenses
The Vanguard 529 College Savings Plan (NV) New York's 529 College Savings Program - Direct Plan (NY)
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: 0.13%
  • Static/individual options: 0.13%
Contributions
The Vanguard 529 College Savings Plan (NV) New York's 529 College Savings Program - Direct Plan (NY)
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
  • Minimum initial contribution: $1
  • Minimum payroll deduction plan contribution: $15
Maximum funding amount Accepts contributions for a given beneficiary until Nevada 529 account balances reach $500,000 Accepts contributions for a given beneficiary until New York 529 account balances reach $520,000
Investment options
The Vanguard 529 College Savings Plan (NV) New York's 529 College Savings Program - Direct Plan (NY)
Summary of investment options
Age-based portfolios
1 age-based option
3 age-based options
  • Aggressive Option (9 portfolios)
  • Moderate Option (9 portfolios)
  • Conservative Option (9 portfolios)
Individual portfolios
20 static/individual portfolios
  • 6 multi-fund portfolios
  • 14 individual-fund portfolios
13 static/individual portfolios
  • 5 multi-fund portfolios
  • 8 individual-fund portfolios
Other features
The Vanguard 529 College Savings Plan (NV) New York's 529 College Savings Program - Direct Plan (NY)
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 New York law, assets in a New York 529 account are exempt from application to satisfy a money judgment against an account owner or designated beneficiary who is a minor. Protection for an account owner who is not a minor is limited to $10,000 on an aggregate basis.
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) New York's 529 College Savings Program - Direct Plan (NY)
Telephone 1-866-734-4530 1-877-697-2837
Web address http://www.vanguard.com/vanguard529 http://www.nysaves.org
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