According to a press release issued by Vanguard, the expense ratio for their 529 College Savings plan had the fees reduced again – for the seventh time!
Introduced in 2002, the Vanguard 529 savings plan has been one of the lowest cost, most efficient vehicles for saving money for college. The fee reduction took effect on September 1`, 2014 and was applied to all of the investment options – including the three age-based options.
What is a 529 College Savings Account?
A 529 plan is a tax-advantaged savings plan designed to encourage saving for future college costs. 529 plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code.
According To Vanguard
“Vanguard is committed to providing a low-cost way to help investors save for the increasing cost of higher education,” said Daniel Reyes, principal and head of Vanguard’s Education Savings Group. “In addition to the plan’s low costs, The Vanguard 529 offers a broad range of investment options and significant tax advantages.”*
The Largest and Best 529 College Saving Plan Company
Vanguard is not only the largest 529 asset manager in the United States with nearly $58 billion in college savings assets, it is also the best company in which to stick your college savings dollars.
Vanguard 529 plans currently consists of 29 college savings plans and five prepaid tuition plans in 30 states.
Vanguard is an industry leader in 529 Savings Plans
Vanguard has been a leader in the 529 industry for nearly 15 years, offering low-cost investment management expertise and a broad range of age-based, index, and actively managed investment options.