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Recent Plan News

Oklahoma 529 college savings plan reduces fees

Effective this month, the management fee for Oklahoma's official college saving plan is being reduced by more than 16%. The new management fee will be 0.25% on account balances, down from 0.3 %.

ScholarShare 529 launches 2020 Matching Grant Program

ScholarShare 529 announced the launch of its third annual Matching Grant Program designed to help low- and moderate-income families achieve their college savings goals. The program provides a dollar-for-dollar match of contributions up to $200 and $25 bonus for establishing an automatic contribution plan for families who meet eligibility requirements and open new accounts starting February 1, 2020.ScholarShare 529 works closely with community-based organizations across California to help eligible families participate in the Matching Grant Program. Eligible parents/guardians must be California residents at enrollment, have a valid social security number or a federal tax ID number, and have an adjusted gross annual income of $75,000 or less.

Gov. DeSantis announces price cut for Florida Prepaid plans

Governor Ron DeSantis announced that the State of Florida will be lowering Florida Prepaid plan prices in order to make college more affordable. He says the reduction will save Floridians $1.3 billion and will benefit 224,000 current Florida Prepaid customers.More than 108,000 plans are now paid in full and can receive an average cash refund of $4,700. Plan holders also have the option to transfer their refund to a Florida Prepaid savings account for other college expenses like books, supplies and housing.Desantis says pricing for the upcoming 2020 plan year will have the lowest rates in five years, starting at $44 a month for a newborn.

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