COLLEGE SAVINGS Changes On Horizon For West Virginia College Savings Plan
Reported by: Associated Press
Web Producer: Bethany Simmons
Reported: Nov. 14, 2012 8:49 AM EST
Updated: Nov. 14, 2012 10:16 AM EST
Eyewitness News Photo
Charleston
, Kanawha County
, West Virginia
Changes are in the works for West Virginia's SMART529 Direct Plan college savings program.
Treasurer John Perdue says the changes will make it easier for parents and grandparents to save for their children's or grandchildren's college education.
Investments primarily will be made in Vanguard funds. Perdue says he expects this change to make the plan one of the lowest-cost in the nation.
Another change is the elimination of a minimum contribution requirement.
Perdue and Hartford officials will announce details Wednesday at a news conference in Charleston.
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Associated Press
