For parents saving for their kids' college, a 529 savings plan still makes sense - as long as it offers good, low-risk investment options and doesn't eat up too much in fees. These three make the grade.
Fund: Illinois Bright Start College Savings Program -- Direct-Sold Plan
Web site: brightstartsavings.com
Manager: Oppenheimer, Vanguard
Expenses: 0.20% to 0.63%
Low-risk option: Principal protection fund, up 2.5% last year
What it offers: Some excellent Vanguard age-based index-fund options that cost as little as 0.20%
Source: Savingforcollege.com; plan websites.