College & Career

New York

New York's 529 College Savings Program -- Direct Plan
5 Cap Ratings
rating grahic rating grahic
(Resident Rating) (Non-Resident Rating)
Summary

The team of Upromise Investments and The Vanguard Group manages New York's 529 College Savings Program -- Direct Plan. It features age-based and static portfolio options utilizing Vanguard mutual funds. Accounts can be linked to the Upromise rewards service.

Program Details
  • Summary: The team of Upromise Investments and The Vanguard Group manages New York's 529 College Savings Program -- Direct Plan. It features age-based and static portfolio options utilizing Vanguard mutual funds. Accounts can be linked to the Upromise rewards service.
  • Program type: Savings
  • Program manager: Upromise Investments, Inc.
  • State residency requirements: None
  • Maximum contributions: Accepts contributions until all account balances in New York's 529 plans for the same beneficiary reach $375,000.
  • Minimum contributions: $25, or $15 per pay period via payroll deduction.
  • Age-based investment options: The Age-Based Option offers a choice among 3 different risk levels (Aggressive, Moderate, or Conservative) each containing 5 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the selected risk level and beneficiary's age, and later reassigned to more conservative portfolios as the beneficiary approaches college age.
  • Static investment options: Select among 4 multi-fund portfolios (Growth, Moderate Growth, Conservative Growth, and Income), 8 individual index-fund portfolios, and the Interest Accumulation portfolio.
  • Underlying investments: Vanguard mutual funds.
  • Enrollment or application fee: None.
  • Account maintenance fee: None.
  • Program management fees: 0.17% manager fee; fee includes underlying fund expenses.
  • Expenses of the underlying investments: Not applicable, included in the program management fee.
  • Total asset-based expense ratio: 0.17%
  • Program match on contributions: None.
  • State tax deduction or credit for contributions: Contributions to a New York 529 plan of up to $5,000 per year by an individual, and up to $10,000 per year by a married couple filing jointly, are deductible in computing New York taxable income. Only contributions made by the account owner, or if filing jointly, by the account owner's spouse, are deductible. Contribution deadline is December 31 postmark.
  • Web site: Click here to visit
  • Telephone: 1-877-697-2837
  • Twitter Click here to visit
  • Facebook
Powered by Savingforcollege.com
Copyright 2011 Savingforcollege.com, LLC. All Rights Reserved.

Show Show Bankrate.com's disclaimer

The information contained in this material and related materials ("Information") is based on information from sources believed to be accurate and reliable and every reasonable effort has been made to make the Information as complete and accurate as possible but such completeness and accuracy cannot and is not guaranteed. The reader and user of the Information should use the Information as a general guide and not as the ultimate source of information. The Information is not intended to include every possible bit of information regarding the Information but rather to complement and supplement information otherwise available and the reader and user should use the Information accordingly. The Information contains information about tax and other laws and these laws may change. The reader and user should realize that any investment involves risk and the assumptions and projections used in the Information may not be how the investments turn out. The reader and user should consult with their own tax, financial and legal advisors about all of the Information.

MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed, 0 point 4.27%  0.05 4.22%
15 year fixed, 0 point 3.27% --0.00 3.27%
5/1 ARM 3.35%  0.13 3.48%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.38%  0.08 4.46%
50K FICO-based HELOC 4.11%  0.06 4.17%
100K FICO-based HELOC 3.96%  0.03 3.93%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.73% --0.00 2.73%
48 month used car loan 2.97%  0.04 2.93%
60 month new car loan 3.22%  0.05 3.17%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.90%  0.02 0.92%
2 Year CD 1.09% --0.01 1.08%
5 Year CD 1.74% --0.00 1.74%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.67%  0.02 15.65%
Cash Back Cards 16.36%  0.03 16.33%
Low Interest Cards 10.87% --0.00 10.87%
 
Next
advertisement
About $2.5 billion of Citi's $7 billion settlement will go to consumers
advertisement
Is your money safe?
or ? See your bank, thrift or credit union's star rating. Find one that's safe enough for you.
Partner Center
advertisement

Connect with us