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In October 2019, the T. Rowe Price College Savings Plan received high recognition from Morningstar with a "Silver" rating due to its "impressive underlying manager lineup and thoughtfully constructed age-based track...[that] remains a strong pick for college savers across the nation." The plan continues to stand out as one of the most consistent, highly rated plans in the country.
According to Morningstar’s 2019 report, “The age-based track’s glide path represents one of the plan’s strongest attributes. Unlike some 529 plans' age-based options that have steep, sudden step-downs in equities at various ages for the beneficiary, this plan gradually adjusts its stock exposure, targeting less than a 6-percentage-point shift each year until college enrollment. That gradual shift in allocation helps college savers avoid moving out of equities just after a market dip, when there's the potential to lock in losses. T. Rowe Price's experienced asset-allocation committee can tactically adjust its allocation by up to 5 percentage points to try and take advantage of market dislocations.”
Start saving now with the T. Rowe Price College Savings Plan. It is a decision that can help you achieve your college savings goals.