Whenever you go to set up some Section 529 Plans, you should know that there are a lot of benefits for setting up the plan while you live in the same state. When you set it up in state, there is a good chance that you are going to get a lot more benefits and tax advantages. This is every important to keep in mind whenever you are setting up one of these plans. A lot of these plans are allowed for out of state people, but usually you lose a lot of your benefits. Thus you are losing a lot of the help that you get from setting up one of these plans in the first place.