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Personal finance

Which account is right for your education savings goals?

It feels like a big decision, but don't worry—it's easy to find the account that has everything your family needs.
3 minute read

529 plans

For most people, a 529 savings account offers a mix of benefits that will help you get closer to your K–12 or college savings goal.

With these accounts, you can save money on taxes both when you make your contributions and every year—between now and when you'll need the money. Put those savings toward college or other education goals, and you'll see how much of a difference they make.

Get details on 529 savings accounts

If you're interested in learning about other types of accounts, the table below makes it easy to compare and decide.

See what you need to consider if you're a grandparent or family friend

Compare your options

There may be other material differences between products that must be considered prior to investing. 

Considering other account types?

You may have heard about parents saving in other types of accounts not traditionally used for college, like Roth IRAs, life insurance plans, or bank accounts.

Other account types

We're here to help

Talk with one of our education savings specialists.

Call 866-734-4533

Monday through Friday
8 a.m. to 8 p.m., Eastern time

Interested in other types of college savings options?

Learn more about UGMA/UTMA accounts

Learn more about accounts for general investing

Open a Vanguard 529 account

For more information about The Vanguard 529 College Savings Plan, visit vanguard.com to obtain a Program Description (PDF), which includes investment objectives, risks, charges, expenses, and other information; read and consider it carefully before investing. Vanguard Marketing Corporation, Distributor.

If you are not a Nevada taxpayer, consider before investing whether your or the designated beneficiary's home state offers any state tax or other benefits that are only available for investments insuch state's qualified tuition program. Other state benefits may include financial aid, scholarship funds, and protection from creditors.

The Vanguard 529 College Savings Plan is a Nevada Trust administered by the office of the Nevada State Treasurer. 

The Vanguard Group, Inc., serves as the Investment Manager for The Vanguard 529 College Savings Plan and through its affiliate, Vanguard Marketing Corporation, markets and distributes the Plan. Ascensus Broker Dealer Services, LLC, serves as Program Manager and has overall responsibility for the day-to-day operations. The Plan's portfolios, although they invest in Vanguard mutual funds, are not mutual funds. Investment returns are not guaranteed, and you could lose money by investing in the Plan.

State tax treatment of K–12 withdrawals is determined by the state(s) where the taxpayer files state income tax. Please consult with a tax advisor for further guidance

All investing is subject to risk, including the possible loss of the money you invest.