April 24, 2009 - 12:35pm
Press Release

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NJ’s ‘Best 529 College Savings Plan’ Rated Among Worst in the Nation

Morningstar Review: “Despite this plan’s ‘best’ moniker, it lands firmly in our Worst category”

Senator Kip Bateman (R-16) responded this morning to a new report by Morningstar that ranks New Jersey’s 529 college savings plan among the five worst in the nation. Morningstar, a highly respected investment research firm, based their ranking on New Jersey’s abnormally high fees, risky investment strategies and a lack of investment options in the New Jersey Best 529 College Savings Plan.

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BSCHNURE can be reached via email at bschnure@njleg.org.