State Treasurer Fitzgerald announces fee reduction for College Savings Iowa
“By reducing fees, we’re making it possible for families to keep more money in their accounts,” said Fitzgerald. “Every little bit saved can go a long way to help Iowans afford the educational adventure of a lifetime.”
Effective April 1, 2022, the annual asset-based fee on the plan’s investment options will have a 5.5% reduction, which brings the price down from 0.19% to 0.18%. This means investors pay only $1.80 per $1,000 invested annually.