This table provides 529 prepaid tuition plan information. The first section covers state-sponsored plans; the second covers college-sponsored plans.
| State-Sponsored Prepaid Tuition Plans | ||||
| State | Name of plan, manager, contact information | Residency restrictions | Contribution limit | State tax benefits |
| AL | Prepaid Affordable College Tuition (PACT)
Program Alabama State Treasurer treasury.state.al.us (800) 252-7228 | Open to all | $22,112 for a four-year contract purchased in lump sum for 9th grader | Withdrawals from Alabama 529 plans (but not other states' 529 plans) used for qualified education expenses are exempt from AL income tax |
| CO | Prepaid Tuition
Fund State Treasurer collegeinvest.org (800) 478-5651 Note: This plan is closed to new enrollments until further notice | |||
| FL | Florida Prepaid College
Plan Florida Prepaid College Board florida529plans.com (800) 552-4723 | Beneficiary must be a Florida resident and meet age and grade requirements | $34,728 for a four-year contract plus a five-year dormitory plan purchased in lump sum for 8th grader | Florida has no state income tax |
| IL | College Illinois! 529 Prepaid Tuition Program Illinois Student Assistance Commission collegeillinois.com (877) 877-3724 | Account owner or beneficiary must be an Illinois resident for at least 12 months prior to application | $44,436 for a nine-semester contract purchased in lump sum for 9th grader or older | Withdrawals used for qualified education expenses are exempt from IL income tax, and contributions are deductible, up to a cap |
| KY | Kentucky's Affordable Prepaid Tuition
(KAPT) KAPT Board getKAPT.com (888) 919-5278 | Beneficiary must be a Kentucky resident or plan to attend a Kentucky college | $83,559 for five-year premium plan purchased in lump sum | Withdrawals used for qualified education expenses are exempt from KY income tax |
| MD | College Savings Plans of Maryland -
Prepaid College Trust College Savings Plans of Maryland Board collegesavingsmd.org (888) 463-4723 | Account owner or beneficiary must be a Maryland or District of Columbia resident | $47,250 for a five-year contract purchased in lump sum for 9th grader | Withdrawals used for qualified education expenses are exempt from MD income tax, and contributions are deductible, up to a cap, with an unlimited carryover of excess contributions |
| MA | U.Plan Massachusetts Educational Financing Authority mefa.org (800) 449-6332 Note: This plan does not currently meet the requirements of Section 529 of the Internal Revenue Code | Open to all | Cost of tuition and fees for four years at the highest-cost participating institution | Withdrawals used for qualified education expenses are exempt from MA income tax |
| MI | Michigan Education Trust MET Board of Directors and Treasury Department met4kid.com (800) 638-4543 | Beneficiary must be a Michigan resident | $39,392 for a four-year contract purchased in lump sum for a 12th grader | Withdrawals used for qualified education expenses are exempt from MI income tax, and all contributions are deductible |
| MS | Mississippi Prepaid Affordable
College Tuition (MPACT) Program Mississippi Treasury Department treasury.state.ms.us (800) 987-4450 | Account owner or beneficiary must be a Mississippi resident | $22,000 for a five-year contract purchased in lump sum for 12th grader | Withdrawals used for qualified education expenses are exempt from MS income tax, and all contributions are deductible |
| NV | Nevada Prepaid Tuition
Program State Treasurer nevadatreasurer.gov/college (888) 477-2667 | Account owner or beneficiary must be a Nevada resident or account owner must be an alumnus of a Nevada college | $16,200 for a four-year contract purchased in lump sum for 9th grader | Nevada has no state income tax |
| OH | Ohio CollegeAdvantage-Guaranteed
Savings Fund Ohio Tuition Trust Authority collegeadvantage.com (800) 233-6734 Note: This plan is closed to new enrollments and contributions until further notice | |||
| PA | TAP 529 Guaranteed Savings
Plan Upromise Investments, Inc. TAP529.com (800) 440-4000 | Account owner or beneficiary must be a Pennsylvania resident | $315,000 | Withdrawals used for qualified education expenses are exempt from PA income tax, and contributions are deductible, up to a cap |
| SC | South Carolina Tuition Prepayment
Program State Treasurer scgrad.org (888) 772-4723 | Beneficiary must be a South Carolina resident for at least 12 months prior to program enrollment | $17,088 for a two-year contract purchased in lump sum for 10th grader | Withdrawals used for qualified education expenses are exempt from SC income tax, and all contributions are deductible |
| TN | Tennessee's BEST Prepaid
College Tuition Plan State Treasurer treasury.state.tn.us/best (888) 486-2378 | Account owner or beneficiary must be a Tennessee resident | $235,000 | Tennessee has no state income tax |
| TX | Texas Guaranteed Tuition Plan Texas Prepaid Higher Education Tuition Board texastomorrowfunds.org (800) 445-4723 Note: This plan is closed to new enrollments until further notice | |||
| VA | Virginia Prepaid Education Program
(VPEP) Virginia College Savings Plan Board virginia529.com (888) 567-0540 | Account owner, beneficiary, or parent of a nonresident beneficiary must be a Virginia resident | $44,245 for a five-year contract purchased in lump sum for a newborn | Withdrawals used for qualified education expenses are exempt from VA income tax, and contributions are deductible, up to a cap, with an unlimited carryover of excess contributions |
| WA | Guaranteed Education Tuition (GET) Washington State Higher Education Coordinating Board get.wa.gov (877) 438-8848 | Account owner or beneficiary must be a Washington resident | $35,000 for 500 units | Washington has no state income tax |
| WV | SMART529 Prepaid Tuition
Plan West Virginia College Prepaid Tuition Plan Board of Trustees smart529.com (866) 574-3542 Note: This plan is closed to new enrollments until further notice | |||
| College-Sponsored Prepaid Tuition Plans | ||||
| Independent 529 Plan TIAA-CREF Tuition Financing, Inc. independent529plan.org (888) 718-7878 | Open to all | Cost of five years of full-time undergraduate tuition and mandatory fees at the highest-cost participating institution | Varies from state to state; contact a tax professional | |