Virginia529 (VA 529) or Virginia529 College Savings Plan is the independent state agency responsible for Section 529 qualified tuition programs offered by the Commonwealth of Virginia. [1] Since 2018, Morningstar has named Virginia's Invest529 plan among the top 529 college savings plans in its annual analysis. [2] [3] [4] According to US News and World Report, Virginia's 529 offers a "whopping" 27 funds and six multi-fund options in its static track. Further, US News reports that "Morningstar applauds the plan’s low costs, relative to other advisor-sold programs." [5]
Virginia Polytechnic Institute and State University, commonly known as Virginia Tech and by the initials VT and VPI, is a public, land-grant, research university with its main campus in Blacksburg, Virginia. It also has educational facilities in six regions statewide and a study-abroad site in Riva San Vitale, Switzerland. Through its Corps of Cadets ROTC program, Virginia Tech is also designated as one of six senior military colleges in the United States.
The Wharton School of the University of Pennsylvania is the business school of the University of Pennsylvania, a private Ivy League university in Philadelphia. Established in 1881 through a donation from Joseph Wharton, the Wharton School is the world's oldest collegiate school of business.
Alexander Britton "Brit" Hume is an American journalist and conservative political commentator. Hume had a 23-year career with ABC News, where he contributed to World News Tonight with Peter Jennings, Nightline, and This Week. He served as the ABC News chief White House correspondent from 1989 to 1996.
A 529 plan is a tax-advantaged investment vehicle in the United States designed to encourage saving for the future higher education expenses of a designated beneficiary. In 2017, K–12 public, private, and religious school tuition were included as qualified expenses for 529 plans along with post-secondary education costs after passage of the Tax Cuts and Jobs Act.
Morningstar, Inc. is an American financial services firm headquartered in Chicago, Illinois, United States. It provides an array of investment research and investment management services. Joe Mansueto founded Morningstar in 1984.
AllianceBernstein Holding L.P.(AB) is a global asset management firm providing investment management and research services worldwide to institutional, high-net-worth and retail investors.
Upromise is a Newton, Massachusetts-based company that provides a loyalty program of the same name, where members accrue credits on eligible purchases that are directed to a college savings plans or to pay down student loans. Upromise members accrue account credit on eligible purchases from grocery stores, online retailers, travel, and restaurants. Members can direct their earnings into a high-yield savings account or tax-deferred 529 plan, use it to pay down eligible student loans or request a check as the money is not required to be spent on college-related expenses.
Dodge & Cox is an American mutual fund company, founded in 1930 by Van Duyn Dodge and E. Morris Cox, that provides professional investment management services. Dodge and Cox specializes in value investing and has been described as "best known for its conservatively managed funds with solid track records and modest fees." Having been created during the Great Depression, the firm has "a razor sharp focus on capital preservation". Dodge & Cox practices a team-based management strategy and as of 2019, the firm had US$327 billion in assets under management.
Wellington Management Company is a private, independent investment management firm with client assets under management totaling over US$1 trillion.
Alexander "Alexi" Giannoulias is an American financier and politician who served as Illinois Treasurer from 2007 to 2011. A Democrat, Giannoulias defeated Republican candidate State Senator Christine Radogno in November 2006 with 54 percent of the vote, becoming the first Democrat to hold the office in 12 years and, at the age of 30, the youngest state treasurer in the nation.
The School of Public and International Affairs (SPIA) at Virginia Tech offers graduate and undergraduate education in the fields of public administration, public policy, international affairs, urban affairs, and urban & regional planning. It has three campuses throughout Virginia: Arlington; Blacksburg and Richmond.
The New York University Leonard N. Stern School of Business is the business school of New York University, a private research university based in New York City. Founded in 1900, Stern is one of the oldest business schools in the world. It is located on Gould Plaza next to the Courant Institute of Mathematical Sciences and the economics department of the College of Arts and Sciences.
The College Savings Plans Network' (CSPN) is a national non-profit association and source of information about Section 529 College Savings Plans and Prepaid Tuition Plans — popular, convenient and tax-advantaged ways to save for college.
Dimensional Fund Advisors L.P. is a private investment firm headquartered in Austin, Texas, United States. The company has affiliates within 13 offices in the US, Canada, UK, Germany, Netherlands, Australia, Singapore, and Japan. DFA was founded in 1981 by David G. Booth and Rex Sinquefield, both graduates of the School of Business, and Larry G Klotz. The company’s investment philosophy is rooted in the efficient market hypothesis and thus they were one of the earliest investing firms to emphasize index funds. The company offers over 100 equity and fixed income mutual funds.
A target date fund (TDF) – also known as a lifecycle, dynamic-risk or age-based fund – is a collective investment scheme, often a mutual fund or a collective trust fund, designed to provide a simple investment solution through a portfolio whose asset allocation mix becomes more conservative as the target date approaches.
The Michigan Education Savings Program (MESP) is a 529 savings plan that is administered by the Michigan Department of Treasury. Michigan residents who contribute to this plan can deduct up to $5,000 from their state income tax each year. MI State Matching Grants based on MESP contributions are not currently available. If state appropriations become available in the future, the State Matching Grant program will be reinstated.
Maryland 529 — formerly College Savings Plans of Maryland — is an independent State agency that was created to help Maryland families save for future college expenses and reduce dependence on student loans and other forms of debt.
The University of Wisconsin–Milwaukee is a doctoral-degree granting public research university that consists of 14 colleges and schools, and 70 academic centers, institutes and laboratory facilities. It offers a total of 180 degree programs, including 94 bachelor's, 53 master's and 32 doctorate degrees. The School of Freshwater Sciences is the only graduate school of freshwater science in the U.S. and the third in the world. The School of Architecture and Urban Planning, the College of Nursing and the College of Health Sciences are the largest in Wisconsin.
Wealthfront Inc. is an automated investment service firm based in Palo Alto, California, founded by Andy Rachleff and Dan Carroll in 2008. As of May 2020, Wealthfront had more than $13.5 billion of assets under management.
The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, Pub.L. 116–94, was signed into law by President Donald Trump on December 20, 2019 as part of the Further Consolidated Appropriations Act, 2020.
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