Idaho's 529 Plan
Idaho’s 529 Plan is called Ideal. This plan is a college savings plan, they do not offer a prepaid plan. Ideal is brought to you by the Idaho College Savings Program Board. Ascensus broker dealer services provides program managment, while the Vanguard Group provides investment management. Sallie Mae Bank provides management for he savings portfolio.
Idaho 529 Age Based Portfolios - 1st plan type
- Aged based portfolios automatically rebalance to become more conservative as the beneficiary ages.
- This form of investing offers instant diversification.
Fixed Asset Portfolios - 2nd Plan Type
- 6 Fixed Asset Portfolios are available.
- The asset allocation model percentages does not change.
- 2 changes to the portfolio can be made per year.
Savings Portfolio - 3nd Plan Type
- Invests 100% of its assets in the Sallie Mae High-Yield Savings Account