South Carolina seeking bidders to manage 529 programs
SCTPP is the state's prepaid tuition program that has been closed to new enrollments and is expected to wind down over a number of years.
The current program manager for Future Scholar is Columbia Management. The direct and advisor plans held more than $1.2 billion in assets at September 30, 2011.
Bids must be delivered by January 6, 2012. The new program manager contract is expected to commence on or about May 1, 2012.