Indiana 529 Plan: What College Savers Should Know
Editor & Writer
Editor & Writer
Editor & Writer
Editor & Writer

Per the Federal Reserve, Indiana held about $6.1 billion in 529 plansin June 2022.[1] These savings accounts help people save for college and other educational expenses for themselves or beneficiaries like children or grandchildren.
529 plans also usually come with tax advantages. Here's information about Indiana's 529 plans and rules for state residents.
Indiana 529 Plans
Indiana offers three college savings plans: a fixed-rate account, a self-guided (direct) investment portfolio, and an advisor-guided plan.
CollegeChoice 529 Direct College Savings Plan
- Requires State Residency? No
- K-12 Expenses Eligible? Yes
- Fees: 0.14-0.64% plus a $20 annual maintenance fee for out-of-state residents only
- Performance Notes: The 2024 Enrollment Portfolio has gained 4.19% in average annual returns since its creation.
CollegeChoice CD 529 Savings Plan
- Requires State Residency? No
- K-12 Expenses Eligible? Yes
- Fees: None
- Performance Notes: A fixed-rate CD can earn 3.5-4% in interest over one to three years.
CollegeChoice Advisor 529 Savings Plan
- Requires State Residency? No
- K-12 Expenses Eligible? Yes
- Fees: 0.31-2.15% plus a $20 annual maintenance fee for out-of-state residents, which could be waived if your balance is over $25,000
- Performance Notes: The 2025 Enrollment Portfolio Class A has earned 4.83%-5.22% on average over its lifetime.
Behind the Numbers
The performance of Indiana's direct college savings plan and advisor-led plans are bound to change over time with the market. We last updated our performance notes in January 2023.
Additionally, these plans offer multiple portfolios — not just the ones we noted here. Explore the plans yourself to see which is right for you.
Indiana 529 Tax Credit and Rules for Savers
According to the College Savings Plan Network:[2]
- State residents can take a tax credit on contributions to an Indiana 529 — up to 20% on $5,000 contributed.
- In Indiana, you can contribute up to $450,000 in total to college savings plans.
- Indiana also allows savers to use 529 plans for K-12 educational expenses.
Latest News

Northwestern University Celebrates First Cohort of Incarcerated Graduates
Syracuse University Students Can Donate Food to Reduce Library Fees
Jewish Nonprofit Sues Berkeley, Alleging a 'Longstanding, Unchecked Spread' of Antisemitism on Campus
San José City College, Local Nonprofit to Offer Students Guaranteed Income
Related Stories
Featured Stories
Latest Analysis
Data Studies
View all56% of College Students Have Used AI on Assignments or Exams

3 in 5 College Students Say Inflation Has Impacted Their Mental Health: Survey

Most College Students Say Using AI Tools on Job Applications Gives an Unfair Advantage

6 in 10 Students Say Use of AI Tools in College Diminishes Value of Degree
