A lot of people choose to go with 529 Savings Plans because of the simple fact that you get tax breaks. However, the truth behind that is that most of the tax subsidy is mostly just going to pay the state for the high fees they charge to your account. In the end, you are not really making that much money. The truth is the fact that a lot of people would be better off just saving money for college in a traditional way. Most of the time you just end up doing worse whenever you invest your money into one of these plans. However, that is not something that the state is going to tell you.