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529 News

North Carolina 529 to pare investment options

(April 29, 2009) - College Foundation, Inc., manager of North Carolina's National College Savings Program, has announced plans to drop two of its current investment options, the Balanced Option, and the age-based option using Riversource (formerly Seligman) CollegeHorizonFunds.

Accounts will automatically be moved into two other options with similar objectives, the V Fund 3 and the moderate track of the Age-Based V Fund. These options invest in low-cost mutual funds from the Vanguard Group. The tranfer is scheduled to take place in mid to late June 2009.

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