Fees & Expenses

The T. Rowe Price College Savings Plan does not charge an annual account fee, or any other miscellaneous fees for investing in the plan. Each portfolio bears its share of the expenses of the underlying mutual funds in which it invests, and there is a 0.05% annualized Trust Fee and 0.05% program management fee charged to each portfolio. The trust fee, program management fee, and underlying mutual fund expenses are reflected in each portfolio's unit price. 

The tables below detail each portfolio's fees as a percentage of the unit price and the approximate costs over time. For additional information, please refer to the Plan Disclosure Document. 

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.

^*As of April 15, 2021. 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 April 15, 2021, and reflects the exchange of underlying funds from the Investor Class to I Class for all funds but Spectrum Income Fund (which occurred on May 18, 2021). 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.

**This portfolio did not exist as of April 15, 2021, and its fee structure is as of May 26, 2021.

***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. 

¹Contractual fee limitations have been put in place for this portfolio. Please see the Plan Disclosure Document for details. 

²Of the total Program Fee, 0.01% is currently being waived as a result of the contractual fee limitations in place. Please see the Plan Disclosure Document for details.