Future Scholar 529 Program Earns Bronze Rating
Tuesday, November 10, 2015
South Carolina’s Future Scholar 529 College Savings Plan earned a Bronze rating by Morningstar, a leading provider of independent investment research. South Carolina’s plan was recognized as a plan likely to outperform its peers on a long-term, risk-adjusted basis.
Morningstar evaluates college-savings plans based on five key pillars Process, Performance, People, Parent and Price -- and assigned medal ratings or Neutral and Negative ratings. South Carolina’s Future Scholar plan maintained its 2014 Bronze rating.
We are pleased Morningstar continues to rate our college-savings plan as one of the best in the country, said South Carolina State Treasurer Curtis M. Loftis, Jr. We’ve reduced program management fees and expenses for South Carolina residents.
One of the most important ways we can help our children achieve success is to clear a path toward a debt free higher education, said Loftis.
Money invested in the 529 plan can be used to pay qualified education costs at eligible institutions in any state, and some international schools. This includes two- and four-year public and private colleges, graduate and professional programs, and certain vocational-technical schools.
The Future Scholar 529 College Savings Plan is a smart way to save money for your child’s college education, said Loftis. Funds can be used for tuition, fees, room, board and other education-related expenses.
The Future Scholar 529 College Savings Plan is sponsored by the State of South Carolina and administered by the South Carolina State Treasurer’s Office.
To open an account or to get more information about the Future Scholar 529 College Savings Plan, visit www.futurescholar.com or call 888-244-5674.