College Savings Iowa Cuts Costs Again
January 3, 2017
State Treasurer Michael L. Fitzgerald announced today that College Savings Iowa has once again reduced its fees. “In the last decade we have had seven price reductions, resulting in over a 65% decrease in fees in ten years,” Fitzgerald said. “By consistently lowering fees over time, we are ensuring that more money stays in parents’ and grandparents’ accounts, growing alongside the children. The plan continues to be a great value for Iowans saving for future higher education expenses.” Today’s price reduction brings the annual asset-based fees of College Savings Iowa’s portfolios down from 0.26% to 0.20%, a 23% reduction effective January 1, 2017. This means that investors pay only $2.00 per $1,000 invested, annually.