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In October 2016, the T. Rowe Price College Savings plan received high recognition from Morningstar with a "Silver" rating due to its "strong set of underlying investments, a well-researched asset-allocation approach, an appropriate set of investment options to meet investor needs, and low fees." The plan continues to stand out as one of the most consistent, highly rated plans in the country with ratings of Gold, Silver, or equivalent for every year the rankings were given from 2010-2016.
According to Morningstar’s 2016 report, “The age-based track’s glide path still 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.”
Start saving now for college expenses with the T. Rowe Price College Savings Plan. It is a decision that can help you achieve your college savings goals.