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 2012 annual review of the top 529 plans, the T. Rowe Price College Savings Plan received a "Gold" rating. The Plan was one of only four in the country to receive the prestigious "Gold" rating, "which signals that Morningstar has the highest conviction in the plan's ability to serve college savers over the long term." The report also distinguishes the plan as an industry leader for several years running because it "offers high-quality active strategies at a reasonable price".
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 its 2012 survey (10/15/12), of which 4 plans received a "Gold" rating. To determine a plan's rating, Morningstar's analysts consider five factors: the plan's strategy and investment process; the plan's risk-adjusted performance; an assessment of the plan's manager; 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 assign forward-looking ratings of "Gold," "Silver," "Bronze," "Neutral," and "Negative." 22 of the industry's smallest plans were not rated.
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.
All college savings portfolios are subject to market risk, including possible loss of principal.