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College savings program fees

College savings program fees

LINCOLN, Neb. (AP) – Nebraska’s state-sponsored college savings plan is getting a new program manager and lower fees. State officials recently approved Nebraska-based Union Bank & Trust to manage the Nebraska Educational Savings Trust program.

The program allows families to save money in tax-advantaged accounts for college or vocational training expenses.

State Treasurer John Murante says Union Bank & Trust’s proposal will make Nebraska’s program one of the most competitive in the nation, with substantially lower fees for account owners. The fees will vary, but the one charged by the Nebraska Education Savings Trust Direct Plan will be 68% lower

 

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