/EINPresswire.com/ -- RICHMOND VA--(Marketwired - November 10, 2015) - Virginia529 inVEST (inVEST) and CollegeAmerica are among the top 11 529 investment-based savings programs in the nation, according to a report released in October by independent investment research provider Morningstar, Inc. Both inVEST and CollegeAmerica retained Silver ratings, Morningstar's second-highest Analyst Rating™, in the annual review.

According to Morningstar, programs they rate as Gold or Silver stand out because of "attractive investment lineups, well-resourced asset allocation teams, capable oversight, and competitive fees." The company expects these programs to "outperform" their peers.

"Morningstar's favorable ratings affirm the choice to save with inVEST and CollegeAmerica that millions of families have made," said Mary Morris, CEO of Virginia529. "And they help inform the decisions of others who are looking to start saving, whether they live in Virginia or elsewhere."

Virginia529 is the only state with two investment programs rated Gold or Silver. Other types of 529 options, including tuition program Virginia529 prePAID and bank savings program CollegeWealth, are not evaluated in Morningstar's review.

Learn more about Virginia529 at Virginia529.com.

About Virginia529 College Savings Plan:

Virginia529 is a 529 college savings plan that offers flexible, affordable, tax-advantaged savings for qualified higher education expenses through its four programs: Virginia529 prePAID℠ (prePAID℠), Virginia529 inVEST℠ (inVEST℠), CollegeAmerica® and CollegeWealth®. More than $55 billion in assets under management and 2.4 million accounts as of July 31, 2015 make Virginia529 the largest 529 plan available. For more information on Virginia529's college savings options, visit Virginia529.com or call 1-888-567-0540 to obtain program materials. These include information on Virginia529 programs, investment objectives, risks, charges, expenses and other important information; read and consider them carefully before investing. All investments are subject to risk, including the possible loss of the money you invest. Virginia529 encourages prospective participants to seek the advice of a professional concerning any financial, tax or legal implications related to opening an account. For residents of states other than Virginia: your state or the beneficiary's state of residence (if different) may sponsor a 529 plan that offers state income tax and other benefits not available to you through Virginia529 College Savings Plan. ©2015 Virginia College Savings Plan. All Rights Reserved.

For more information, contact:

Kelley Hope
Communications Manager
804-225-2452
Email contact

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