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529 News

Illinois Bright Directions CSP lowers program management fee

(November 1, 2011) - The Bright Directions College Savings Program has reduced overall fees payable under the 529 plan by 0.05%.

The program management fee has been reduced from 0.45% of the average daily net assets of each Portfolio to 0.35% and a state fee will now be assessed in the amount of 0.05% of the average daily net assets of each Portfolio for a net reduction of 0.05%

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