Investing is risky. 529 plans can lose money. For education savings plans, the investments you choose could decrease in value. Some states may not guarantee their prepaid tuition 529 plans. If an unguaranteed program fails or doesn’t have enough money to pay the full benefits, you may not get what you paid for.  That said, your investments may also increase in value over time as well. It’s important to research providers, plans, and investments before you choose the path that’s best for you.