Posted by Santo,

When you look at the various 529 savings plans available, it is important that you compare the fees. Some plans have fees (brokerage and maintenance) that may actually leave you with less at the end of the year than when the year started – because of higher interest rates. Plans that are offered by brokers are usually a little higher than state offered plans. Finally, it is a better idea to keep the 529 college savings plan in the name of the plan creator rather than the student. This way, the money in the plan will not prevent the student from getting other financial aid for which he or she may be eligible.