College Savings Plans of Md. rated No. 2

Daily Record, The (Baltimore), Mar 15, 2007 by Daily Record Staff

The College Savings Plans of Maryland said its Maryland College Investment Plan, managed and distributed by Baltimore-based T. Rowe Price, has been rated the second-best Section 529 plan in the nation by investment advisory firm Morningstar Inc. So-called 529 plans - named for the section of the federal income tax code that created tax-advantaged savings accounts to finance college educations -were graded on such characteristics as diversified offerings, sound asset allocation and investment portfolio flexibility.

Colorado's Scholars Choice plan, managed by Baltimore-based Legg Mason, was top-rated. To view the ratings, go to http://news.morningstar.com/article/ printArticle.aps?id=187673.

Copyright 2007 Dolan Media Newswires
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