You are not locked in to that state. The funds can be used for a college
in any state.
Direct-Sold is just a term indicating that the 529 College Savings Plan
is sold directly by the program, rather than through a broker (with
possibly higher fees). Some have restrictions on who may purchase
through Direct-Sold, such as being a resident of that state.
Steven B. Blank
College Financial Aid Consultants
29 Ives Hill Court
Che****re, CT 06410
(203)250-7761
On 1/27/2008 7:29 AM, seven_percent wrote:
> When you invest in the Direct-Sold plan of one state, are your
> children able to attend college in other states or are they locked-in
> to only the colleges for that state? -Or- does it depend on the
> details of the plan; i.e. are all plans different in this way?
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