The CollegeBound Saver program is Rhode Island's direct-sold plan open to Rhode Island residents and non-residents. It features a menu of age-based and static portfolio options utilizing Invesco, Vanguard, Schwab and BlackRock mutual funds along with a stable value option. Accounts can be linked to the Upromise rewards service.
- Program typeSavings
- Inception1998, substantially changed in 2016.
- State agencyGeneral Treasurer of Rhode Island
- Tax deduction
- Program ManagerAscensus College Savings
- Program distributorAscensus College Savings
Investors in CollegeBound Saver (Direct-sold) can select from the following investment options. Click on a portfolio name for more information.
Sometimes referred to as the enrollment-based option, this is an investment approach where your asset allocation is programmed to change over time. Accounts for young beneficiaries are invested aggressively and accounts for beneficiaries with college right around the corner are invested much more conservatively. In some 529 plans, the age-based option operates by automatically transferring your investment from one static portfolio to another at certain points in time. Others utilize lifecycle funds or employ lifecycle-type tactics within the portfolio containing your investment so that it is not necessary to transfer your investment between portfolios.
|Portfolio||E.R.||% Equity||1YR Performance|
|CollegeBound 2037-2038 Portfolio||0.15%||84%||-16.9%|
|CollegeBound 2039-2040 Portfolio||0.15%||85%||-16.84%|
|CollegeBound 2041-2042 Portfolio||0.15%||85%||N/A|
|CollegeBound Today Portfolio||0.16%||10%||-4.07%|
|CollegeBound 2023-2024 Portfolio||0.14%||16.5%||-10.39%|
|CollegeBound 2025-2026 Portfolio||0.14%||29%||-11.88%|
|CollegeBound 2027-2028 Portfolio||0.14%||40.25%||-13.23%|
|CollegeBound 2029-2030 Portfolio||0.14%||48.75%||-13.82%|
|CollegeBound 2031-2032 Portfolio||0.14%||55%||-14.44%|
|CollegeBound 2033-2034 Portfolio||0.14%||65.5%||-15.32%|
|CollegeBound 2035-2036 Portfolio||0.14%||74%||-16.34%|