Fees & Expenses

The following table compares the approximate cost of investing in the T. Rowe Price College Savings Plan over different periods of time. Your actual cost may be higher or lower. The table is based on the following assumptions:

• A $10,000 contribution is invested for the time periods shown.
• A 5% annually compounded rate of return on the amount invested throughout the period.
• The account is distributed at the end of the period shown to pay for qualified expenses.
• The table does not consider the impact of any potential state or federal taxes on the contribution or the distribution.
• The table reflects the weighted average of the underlying fund expenses as of March 31, 2023, and assumes these expenses and the total annual asset-based Fees remain the same as those shown in the Fee Structure table. The actual underlying fund expenses and total annual asset-based Fees may be higher or lower. 
• The table reflects the neutral allocations as of the second quarter 2023 and assumes that these allocations remain the same for all time periods.

As of March 31, 2023. The Estimated Underlying Fund Expenses are based on the weighted average of each fund's expense ratio (net of any expense limitations in place), in accordance with the investment option's neutral asset allocations among the applicable funds as of March 31, 2023. You can call 866-521-1894 to obtain the most recent weighted average of estimated underlying fund expenses for each investment option. The actual underlying fund expenses and total annual asset-based fees may be higher or lower.

*The Program Fee and, if necessary, the Trust Fee will be waived in whole or in part in the event that the portfolio's expenses would result in a negative return for this portfolio. Please see the Plan Disclosure Document for details. 

The Program Manager, T. Rowe Price, receives the program Fee based on the assets in the T. Rowe Price College Savings Plan to help offset certain recordkeeping and account holder servicing expenses associated with managing the plan. Payment of the program Fee by each portfolio is already reflected in the portfolio’s NAV.