<p>Vanguard runs a number of the state 529s, and they typically offer low fees. My state of PA has further lowered fees if parents reduce the amount of statements that are mailed. Fees can really eat up gains.</p>
<p>The market went up 30% in the last year, and it can’t keep going up at that fast rate. It might make sense to choose a very conservative fund now, and wait to put the money into a mostly stock fund as soon as the next stock market correction occurs.</p>