529 Plan Resources

Your State: A Good Place To Start

Virginia 529 Plans
Plan Name Plan Type Toll Free Number Online Enrollments
Virginia Invest529 Savings (Direct) (888) 567-0540 Enroll
Virginia529 prePAID Prepaid contract (Direct) (888) 567-0540 Please Call the
Toll Free Number
CollegeAmerica Savings (Advisor) (800) 421-4225 Please Call the
Toll Free Number
CollegeAmerica (Edward Jones-held Accounts) Savings (Advisor) (800) 421-4225 Please Call the
Toll Free Number

U.S. News & World Report Research

U.S. News & World Report

Almost all states offer at least one 529 plan. With so many options, it may be daunting to know where to start. That's why it's a good idea to start with your own state's 529 plan (sorry Wyoming). And, your state may offer an additional tax benefit which may be of interest to you. As with any investment, your personal circumstances will dictate your choices so it's a good idea to consult with your financial advisor, if appropriate.

Click on the link below to go to a page published by U.S. News & World Report which contains extensive information about state plans and also tools to compare the plans.

Go to U.S. News & World Report Page for Virginia

SoFi's 529 Savings & Selection Tool

529 Savings & Selection Tool

We're pleased to make the 529 Savings & Selection Tool available to you. Our tool will guide you through the 50 direct-sold 529 plans recommended a plan (and alternate plan) which you can open directly with the plan provider. SoFi does not offer its own plan.

Once you've opened your plan, if you are redeeming a gift card, return to SoFi's LEAF College Savings Gift Card site with your plan name and account number to redeem your gift card into your 529 college savings plan account.

If you are setting up a payroll contribution using our Payroll Contribution Service, you can complete your enrollment with plan name and account number after you've opened a 529 plan account.

You'll need to create a SoFi account to use the 529 Savings & Selection Tool.

Go to SoFi's 529 Savings & Selection Tool

Other Resources

There are many resources available online. We have selected a few web sites that you can use to research different 529 plans: College Savings Plan Network (CollegeSavings.org), and SavingforCollege.com.

What's a 529 Plan?

What is a 529 Plan?
PDF Download

CollegeSavings.org

College Savings Plan Network
External Link

SavingforCollege.com

SavingforCollege.com
External Link

There are many good online resources that provide information about saving for college and specifically about 529 plans. We list a few that we think should be at the top of your list:

  • The U.S. Department of Education offers a broad resource including information about grants and scholarships. The Department’s Federal Student Aid website provides additional information for many specific groups, such as children of military families.
  • If you or your child is getting closer to applying for college, College Parents of America features several slide shows about financial aid and the process of applying for aid.
  • The Internal Revenue Service (IRS) 529 Plan: Questions and Answers is another resource that addresses tax related aspects of 529 plans.
  • Morningstar, the ratings agency, each year names what it believes are the best 529 college savings plans. Their rankings display the plans that received their Gold, Silver, or Bronze Morningstar Analyst Ratings.
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