ST. LOUIS (AP) -- Missouri's college savings plan is getting less expensive.
State Treasurer Clint Zweifel (ZWY'-ful) was at the University of Missouri-St. Louis Tuesday to announce that the state's MOST 529 program is under a new five-year management agreement with Upromise Investments. And Zweifel says the agreement cuts the cost of the program by 44 percent.
The price cut is effective June 6. Currently, 113,000 account holders have invested $1.5 billion with the MOST plan.
The plan features investment options for savings in preparation for college.
(Copyright 2011 by The Associated Press. All Rights Reserved.)