Frequently Asked Questions Select a Category: Make A Selection General Prepaid Withdrawals Tax Ownership Investment Choosing a Plan Beneficiaries Coverdell Show All Choosing a Plan 3. Do I need to deal with a state agency when I choose a specific state's plan?       Usually the sponsoring state gives responsibility for establishing the rules for plan implementation and operation to a state agency or board.  If that state has a prepaid tuition plan, the contributor will, in most cases, be dealing with that state agency in setting up the account.  However, with a savings plan, in many cases the contributor will deal with a mutual fund company or a broker representing a fund company.  A small number of states (Utah, Florida, and Virginia are examples) provide services for the direct-sold savings program through a state agency.  All advisor-sold plans use the services of a licensed representative to establish and help service their plans.   1. What are some points I should consider when comparing plans from different states? 2. Is it possible to live in one state, choose a plan sponsored by another state, and my child go to school in a state different from our residence or the headquarters of the 529 Plan? Still Need Help? Ask An Expert Do you want guidance in selecting a 529 plan?  Click the Contact Us button below and speak to a live advisor, or drop us an email and we will be pleased to assist you. If you are a do-it-yourself person, click the Professor for his assistance in sorting and ranking plans or click on the National Map to locate a specific state's 529 program.
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