<p>My sons had both, with the Coverdell funded by their grandparents. The fees on the Coverdell were insane and pretty much negated any gain in the account. I transferred the Coverdells to 529s as soon as I could.</p>
<p>You can invest in any state’s 529 plan, and some are relatively low fee.</p>
<p>[529</a> Fee Study](<a href=“http://www.savingforcollege.com/529_fee_study/]529”>529 Fee Study - Saving for College)</p>