Maryland College Investment Plan renews program manager contract with T. Rowe Price

The Maryland College Investment Plan has renewed its contract with T. Rowe Price, extending the program manager's term through July 1, 2017. As part of the renewal, a reduction in the program management fee has been announced that will go into effect on January 1, 2015. The fee will be reduced from 0.20% to 0.13% for all portfolios except the Global Equity Market Index Portfolio, which will drop to 0.11%.
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