Morningstar Ranks Top College Savings Plans:
BOSTON (MainStreet) -- Across the country, states are offering college savings vehicles known as 529 plans.
Similar to 401(k) plans, the offerings allow money to be invested on behalf of a child's college expenses. Like a retirement plan, contributions benefit from compound interest.
Alaska, Maryland and Ohio are among the states with top-rated 529 college-savings plans.
Morningstar, a leading provider of independent investment research, has issued its annual research study and ratings based on an analysis of the nation's largest 529 plans.
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