Planning for your child's college education is a big responsibility. Why not select a 529 plan that ranks among the best in the country to help save for college expenses? In Morningstar's 2013 and 2012 annual reviews of the top 529 plans, the T. Rowe Price College Savings Plan received a "Gold" rating. Morningstar expressed that plans with a "Gold" rating represent their "highest conviction recommendations and stand out as a best of breed for their ability to help college savers meet their goals." In Morningstar's 2013 analysis, the T. Rowe Price College Savings Plan was noted for its "easy-to-navigate and compelling investment lineup."
Start saving now with a T. Rowe Price College Savings Plan to help make your child's college dreams come true.
Morningstar analysts reviewed 64 plans for both its 2013 ratings (10/22/13) and 2012 ratings (10/15/12), of which 4 plans received a "Gold" rating. To determine a plan's rating, Morningstar's analysts considered five factors: the plan's strategy and investment process; the plan's risk-adjusted performance; an assessment of the individuals managing the plan's investment options; the stewardship practices of the plan's administration and parent firm; and whether the plan's investment options are a good value proposition compared to its peers. Plans were then assigned forward-looking ratings of "Gold," "Silver," "Bronze," "Neutral," and "Negative." 21 of the industry's smallest plans were not rated in 2013 and 22 were not rated in 2012.
Morningstar analysts reviewed 58 plans for its 2011 survey, of which 6 plans received a "Top" rating, and 52 plans for its 2010 survey, of which 5 plans received a "Top" rating. Ratings for each plan were based on five factors: the quality of the underlying investment options; performance of those options; the skill of the managers of those options; the costs associated with each plan; and the stewardship practices of each plan's program manager. Plans were then assigned ratings of "Top," "Above Average," "Average," "Below Average," and "Bottom." To earn a "Top" rating, a plan must be best-in-class across all five areas.
Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar analysts' current expectations about future events and therefore involve unknown risks and uncertainties that may cause Morningstar's expectations not to occur or to differ significantly from what was expected. Morningstar does not represent its Analyst Ratings to be guarantees.
All college savings portfolios are subject to market risk, including possible loss of principal.