Maryland’s college savings plan ranks high

April 18, 2008

Maryland is in the top tier on this report card.

For the second year in a row, Maryland’s College Investment Plan is rated as a top choice by Morningstar Inc. in its report on the best - and worst - college savings plans.

Our state’s plan, managed by T. Rowe Price, earned its top position due to its “solid lineup of actively managed funds.” Low fees also count in its favor: the annual fees range from 0.68% to 0.97%, which is reasonable for actively managed funds.

Also included in the “best” category: Colorado, Illinois, and two plans from our neighbor, Virginia.

If you’re saving for your child’s education, Morningstar says, be glad you’re not in these states: Mississippi, Nebraska, New York and Ohio.

JACKIE SAUTER, Web Editor

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Posted by Jackie Sauter | Filed Under T. Rowe Price, business, education, maryland 

Comments

One Response to “Maryland’s college savings plan ranks high”

  1. Publicus on April 21st, 2008 6:18 am

    Is the new format an imitation of Above the Law, which in turn was an imitation of Fashionista, which in turn . . .

    You should realize that the format change cost ATL much of its readership. In overwhelming numbers, commentators pointed out that the new format sucked, and then stopped commenting. You may not have the same problem since, judging by the number of comments posted her each day, you don’t have that many readers to lose. Still, one would think you wouldn’t want to put that much of a burden on your family. They must have other things to read.

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