State treasurer announces change to college savings program

4 years 1 week 6 days ago Wednesday, February 10 2016 Feb 10, 2016 Wednesday, February 10, 2016 1:12:00 PM CST February 10, 2016 in News
By: Luisangel Rodriguez, KOMU 8 Digital Producer

JEFFERSON CITY - State Treasurer Clint Zweifel announced a new investment plan for families saving money for a child's college education.

It is designed to save costs for investments with MOST, Missouri's 529 College Savings Program.

The new five-year management agreement is with Ascensus College Savings.

Zweifel said it could save investors an estimated $9 million over five years.

Investments in the plan can be used towards qualified higher education expenses, including tuition, certain room and board expenses, books and mandatory fees at most four-year colleges and universities, many two-year institutions and vocational schools, and some schools abroad.

"This is the second contract I have negotiated for MOST 529 as State Treasurer, and I am proud to have reduced fees for account owners by more than 60 percent since 2009," Zweifel said. "Beginning today, MOST investors will see immediate savings, and will soon have new investment options designed to suit their savings goals. MOST continues to be a national leader in helping families save for college."

Under the new contract, funds through the investment firm Dimensional Funds Advisors will be available through MOST 529. Zweifel said that's notable because DFA funds are generally only available to investors through financial advisors or institutional channels.

The MOST 529 Advisor Plan will be rolled into the MOST 529 Direct Plan. Zweifel said 15,300 account owners who have invested more than $227 million through their financial advisor will automatically see their investments transitioned in early May. Plan investors and advisors will receive additional information about this process in the coming weeks.

"The roll-up of the MOST 529 Advisor Plan puts college savers first," Zweifel said. "The MOST 529 Direct Plan is a national leader, and these changes will save families thousands and better serve those who invest for themselves or work with financial advisors. We are proud of these new options and look forward to the continued growth of MOST 529."

 

More News

Grid
List
BRUNSWICK - After a year of record-breaking flooding, neighbors in Brunswick hope they don't see a repeat this summer. ... More >>
12 hours ago Sunday, February 23 2020 Feb 23, 2020 Sunday, February 23, 2020 8:22:00 PM CST February 23, 2020 in News
LINN - A lot of the times it's hard to know the affect you'll have on someone until after it's... More >>
13 hours ago Sunday, February 23 2020 Feb 23, 2020 Sunday, February 23, 2020 7:08:00 PM CST February 23, 2020 in Sports
BOONVILLE — Community members in Boonville gathered Sunday in support of moving the Boonslick Regional Library (BRL) Cooper County Branch... More >>
14 hours ago Sunday, February 23 2020 Feb 23, 2020 Sunday, February 23, 2020 6:15:00 PM CST February 23, 2020 in News
COLUMBIA - The University of Missouri College of Agriculture, Food and Natural Resources (CAFNR) will celebrate the 150th anniversary of... More >>
15 hours ago Sunday, February 23 2020 Feb 23, 2020 Sunday, February 23, 2020 5:23:00 PM CST February 23, 2020 in News
AP — State attorneys general are finding a national settlement over the toll of opioids to be elusive, as some... More >>
21 hours ago Sunday, February 23 2020 Feb 23, 2020 Sunday, February 23, 2020 11:17:32 AM CST February 23, 2020 in News
COLUMBIA - Dozens of boy scouts and girl scouts showed up for water safety event at Hickman High School Sunday... More >>
21 hours ago Sunday, February 23 2020 Feb 23, 2020 Sunday, February 23, 2020 10:34:00 AM CST February 23, 2020 in News
SEDALIA — A 49-year-old man was taken to the University of Missouri hospital via air ambulance after sustaining a gunshot... More >>
23 hours ago Sunday, February 23 2020 Feb 23, 2020 Sunday, February 23, 2020 9:25:40 AM CST February 23, 2020 in News
FULTON - Police arrested a 44 year old Fulton man after he attempted to unlawfully enter a home twice, assaulted... More >>
1 day ago Sunday, February 23 2020 Feb 23, 2020 Sunday, February 23, 2020 6:10:00 AM CST February 23, 2020 in News
SEDALIA- Police officers in Sedalia responded to a report of a man lying in the roadway near the 700 block... More >>
1 day ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 11:01:00 PM CST February 22, 2020 in News
COLUMBIA - Dozens of MU students gathered to raise money for cancer research Saturday. Mizzou's Relay for Life raised... More >>
1 day ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 6:41:00 PM CST February 22, 2020 in News
JEFFERSON CITY — Police arrested three people after a Saturday afternoon robbery led to a car chase, according to a... More >>
1 day ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 5:46:00 PM CST February 22, 2020 in News
JEFFERSON CITY — Missouri voters legalized medical marijuana in 2018, but some lawmakers are worried about what that could... More >>
1 day ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 4:53:00 PM CST February 22, 2020 in News
ST. LOUIS (AP) — Missouri may have shed its unwanted image as the meth lab capital of the U.S.,... More >>
1 day ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 4:21:00 PM CST February 22, 2020 in News
COLUMBIA - Columbia is getting a break from winter weather this weekend and many residents are taking advantage of it.... More >>
1 day ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 4:21:00 PM CST February 22, 2020 in News
REEDS SPRING, Mo. – Students in the Reeds Spring School District will begin a four-day school week next school... More >>
1 day ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 4:11:55 PM CST February 22, 2020 in A Brighter Tomorrow
COLUMBIA – Several First Ward neighborhood associations hosted a town hall forum Saturday with city council candidates to discuss housing,... More >>
1 day ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 4:07:00 PM CST February 22, 2020 in News
Black LGBTQ youth are less likely to receive mental health... More >>
1 day ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 3:51:00 PM CST February 22, 2020 in A Brighter Tomorrow
COLUMBIA — In an effort to contain the novel coronavirus, the Chinese government has canceled a number of exams this... More >>
1 day ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 2:56:57 PM CST February 22, 2020 in News
Columbia, MO
Broken Clouds 44°
9am 44°
10am 44°
11am 44°
12pm 45°