State Treasurer Fitzgerald Announces College Savings Iowa’s Sixth Price Reduction in the Last Decade
October 1, 2014
DES MOINES, Iowa - State Treasurer Michael L. Fitzgerald announced today that College Savings Iowa is once again reducing its fees. “In the last decade, we have had six price reductions, resulting in a 60% decrease in fees,” Fitzgerald said. “By consistently lowering fees over time, we are ensuring that more money stays in parents’ and grandparents’ accounts, growing along-side the children. The plan continues to be a great value for Iowans saving for future higher-education expenses.” The price reduction, effective October 15, 2014, will bring the current annual asset-based fees of College Savings Iowa’s portfolios down from 0.28% to 0.26%.