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Recent Plan News

CollegeAdvantage Direct Plan fees will be reduced

(June 1, 2015) - The Ohio Tuition Trust Authority announced that effective June 19, the program fee (OTTA Fee) for all CollegeAdvantage Direct Plan investment options will be reduced from 0.04% to 0.02%.The reduced fee is a result of program growth and efficiencies realized through administrative service changes implemented in 2013. These changes include an exchange of assets to improve five investment options to either more directly reflect a particular asset class or to lower account owner investment costs; the addition of a new investment option; and enhancements to the Ready-Made Age-Based and Ready-Made Risk-Based Portfolios. Changes to the investment offerings will also further reduce the total average cost of investment options from 0.31% to 0.27%.

Schwab 529 College Savings Plan extends contract, lowers fees

(May 22, 2015) - Charlse Schwab has announced that it will be reducing the fees in its Schwab 529 College Savings Plan in order to earn a two-year contract extension with the state of Kansas. Total expense ratios will be reduced by an average of 20% for active portfolios and 45% for passively managed portfolios. Schwab's contract with Kansas has been extended through June 30, 2018.

Connecticut Higher Education Trust 529 Plan renews contract with TIAA-CREF

(March 31, 2015) - The Connecticut Higher Education Trust 529 Plan, or CHET, has announced that it will renew its contract with TIAA-CREF Tuition Financing, Inc. for another five years. The new contract with TIAA-CREF will be through March 12, 2020.

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