State-sponsored 529 college plans ranked high
Pennsylvania's state-sponsored savings plan for college costs ranked in the top 10 for investment performance for 2011, said an independent tracker on Tuesday.
Savingforcollege.com, Pittsford, N.Y., which provides resources for financing high education, said the PA 529 Investment Plan ranked second only to New York's plan in one-year returns, earning about 21.7 percent in the year ended Dec. 31.
The Pennsylvania plan ranked 10th for three-year returns, earning almost 45.1 percent. It ranked third for five-year returns -- behind only Florida and Utah -- earning 29.5 percent.
The state's 529 Investment Plan allows college savers to select from more than a dozen "conservative and aggressive" investment options from Vanguard, the mutual fund giant.
In 2011, college savers invested a record more than $341 million in the state's two, 529 college savings programs. It reached $1 billion in total assets in recent weeks, said state Treasurer Rob McCord.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Youthful West Mifflin girls face tall order
- Former member takes reins of chorus
- Tarentum Bridge falcon defends turf as eagles scout nesting locations
- Steelers stalled by Seahawks, on outside of AFC wild-card picture
- Steelers’ Roethlisberger reported symptoms that led to his exit vs. Seahawks
- Korean exhibit to go on display
- Rossi: It’s past time for NFL to protect players
- Deteriorating Monessen building under renewed scrutiny
- Holiday spirit shines in Ford City
- Local homes tour will benefit Belle Vernon Area’s anti-drug program
- Veterans courts in Pennsylvania dubbed remedy for recidivism