T. Rowe Price College Savings Plan Receives High Rating from Morningstar
November 04, 2022
The is pleased to announce that its will maintain its “Silver” Morningstar rating. The plan continues to stand out as one of the highest rated plans in the country.
Morningstar’s team of manager research analysts annually assigns ratings to a subset of the 529 plans offered nationally based an assessment of each plan’s investment merits relative to its peers. As 529 education savings assets hit $386 billion in August 2022, analysts reviewed 54 plans that represented 93% of those assets.
To determine a plan’s rating, Morningstar’s analysts organized four key pillars: Process, People, Parent and Price. In each of the categories, the Education Trust received high praise for it’s strong oversight, having a program manager with an excellent track record for investment management, and portfolios that have strong performance net of fees. “We are pleased to receive this rating. We strive to offer high quality investments and keep our plans as affordable as possible,” said Lael Oldmixon, Executive Director of èƵ’s three 529 plans. “In the past year, we reduced our already low fees by up to 60% in our enrollment portfolios along with reducing our Trust fee by 20%.”
Using a 529 college savings plan when saving for future education expenses can be an attractive option, as investments in the plan grow tax-free.
for additional information about Morningstar’s rating methodology, or , to see all of the ratings.
For more information contact Lael Oldmixon.