T. Rowe Price College Savings Plan
The T. Rowe Price College Savings Plan, available in Alaska, offers unique features that make it an attractive option for families saving for education expenses. Managed by T. Rowe Price, the plan provides a wide selection of investment options, including age-based portfolios and individual fund choices, allowing for customization based on risk tolerance and investment preferences. One notable aspect is the program's Alaska Performance Scholarship eligibility, which potentially qualifies account holders for state-funded scholarships. The plan also offers a high maximum contribution limit of up to $424,000 per beneficiary, allowing families to save significantly for future education costs. Lastly, the T. Rowe Price College Savings Plan provides potential state tax benefits, including deductions for Alaska taxpayers, further enhancing its appeal.
EnrollState Tax Incentive
No state income tax
Program Manager
T. Rowe Price
Investment Manager(s)
T. Rowe Price
Plan type
Direct
Investments
Guided Investments
age-based
ESG Investments
No
Avg. expense fee
0.430%
Fee Range
0.30%-0.57%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
51%
for AK residents
51%
non-residents
Saving For College
Unbiased, independent resource for parents.
4.5
for AK residents
4.5
non-residents
Morningstar Rating
Once a year, the financial services firm Morningstar releases its 529 ratings.
Other
Connect with Mint.com
Track your finances in one place.
Yes
Connect with Backer
Full end to end enrollment, gifting and plan management.
Gifting Only
Mobile app
Backer App covers this plan.
No
General Recommendation
This is a direct sold 529 plan, rated as silver by Morningstar.
