Articles from Ohio Tuition Trust Authority

According to a recent study from Fidelity, more parents are saving for college (74% in 2024 versus 58% in 2007). But as education costs continue to rise, the choice of where and how to save becomes as important as the decision to do so. Ohio 529, CollegeAdvantage is pleased to announce that the CollegeAdvantage Direct 529 Plan and the BlackRock CollegeAdvantage Ohio Advisor 529 Plan both received “Silver” ratings in Morningstar’s Medalist Ratings. Announced each year, these ratings reflect analysts’ forward-looking views of which plans are best suited to help investors reach their goals. With this latest announcement, Ohio is the only state program with both a Direct and Advisor 529 Plan ranked in silver or higher by Morningstar.

Ohio’s 529 Plan announces it has reached an important new milestone in the history of the fund. As of March 31, 2024, there are now $17.22 billion in Assets Under Management (AUM), the largest amount of assets managed since the fund began in 1989 and a 14.5% increase in assets managed compared to the same time last year.

Still trying to figure out what to get that special child on your Christmas list? The answer is clear…give the gift that keeps on giving – Ohio’s 529 Plan. Ohio’s 529 Plan, CollegeAdvantage is the perfect holiday gift for any child on your list.

Tis the season to give and what better gift than Ohio’s 529 Plan, CollegeAdvantage. CollegeAdvantage makes the perfect gift anytime of the year as it’s the gift that keeps on giving to both the giver and the receiver.

Ohio’s 529 Plan is pleased to announce that the CollegeAdvantage Direct 529 Plan maintained its silver rating for the ninth year in a row. In addition, BlackRock CollegeAdvantage, Ohio’s Advisor 529 Plan, retained its bronze ranking. According to the report, this makes Ohio one of only two state programs that have both their Direct and Advisor 529 Plans ranked as medal-class college savings programs by Morningstar. The high ranking for both CollegeAdvantage 529 Plans highlights the strength of these two college savings plans as well as the industry’s regard for Ohio’s 529 Plan as one of the best in the nation.

Ohio’s 529 Plan, CollegeAdvantage, works to keep its fees as low as possible allowing families to save even more. The latest fee reduction happened October 1, 2021 when Vanguard, one of Ohio Direct 529 Plan’s partners, reduced their fee by half a basis point from 1.5 bps to 1.0 bps (0.015% to 0.10%). In addition, Ascensus College Savings, the program record-keeper for the Ohio Direct 529 Plan, reduced their fee by a half a basis point from 10 bps to 9.5 bps (0.10% to 0.095%). Both the reduction in fees by Vanguard and Ascensus College Savings reduces the overall fees in Ohio’s 529 Plan by one full basis point.

September is national College Savings Month and there is no better time than right now to open an Ohio 529 Plan for that special child in your life.