abc
QUICK LINKS:

New Terms for Minnesota College Savings Plan

Updated: 08/25/2014 1:00 PM
Created: 08/25/2014 12:49 PM WDIO.com

The state-sponsored Minnesota College Savings Plan has new terms and leaders in the program say it makes saving for college easier.

The Minnesota College Savings Plan is part of the Office of Higher Education in Minnesota. They are hanging out at the Minnesota State Fair this week to make sure folks know about their new plan.

On August 12, the plan came under new terms. Program manager Robert Stern said the biggest change is that their program management fee has been reduced by more than 50-percent.

"Really, the big winners here are the Minnesota residents who are part of the plan because now it costs less, more money goes into their accounts, and they have more options," he explained.

Stern said it is often parents or grandparents who start a savings plan for their child or grandchild, but once the account is started, anybody can contribute to the savings plan.

At the fair, they are giving away $200 in the form of a college scholarship each day.

Front Page

  • Woman Hospitalized after Armed Standoff with Deputies in Douglas County

    A 22-year-old Lake Nebagamon woman was hospitalized on Wednesday evening after an armed standoff with the Douglas County Sheriff's Office. 

  • City of Tower Starts Dredging on Multi-Million-Dollar Harbor Project

    The City of Tower is starting a new phase of an old dream. Back in June, WDIO's sister station KSTP reported that Tower's multi-million-dollar Harbor Renaissance Project hadn't gone anywhere in seven years. But Wednesday, the City said they're moving forward.

  • Minnesota Food Charter Launched at DECC

    Around five hundred people flocked to the DECC for the Minnesota Statewide Food Access Summit. One of the big events? The launch of the of the Minnesota Food Charter. Only four other states have a food charter, but Food Charter Steering Committee Chair Mindy Kurzer said number five is unique.

  • Bong Bridge to Reopen Friday

    The Duluth-bound lanes of the Richard I. Bong Bridge are expected to reopen Friday morning after a summer of construction.  Superior-bound lanes have remained open this year but will be closed next year.

  • TV Campaign Ads Make Wealth an Issue in Minn. Election

    It seems an hour doesn't go by without several television campaign ads criticizing a candidate for having millions of dollars or trying to line his or her pockets at government expense. Class warfare is nothing new in politics, but it certainly is more pronounced in Minnesota this year because of two Republican candidates: Stewart Mills and Mike McFadden. They've been the target of a barrage of attack ads aimed at their personal wealth and how they accumulated it.

 

Lake Effect Snow Advisory

WI AREAS AFFECTED: Iron
Expires: 10/31/2014 11:00 AM

Lakeshore Flood Advisory

MI AREAS AFFECTED: Alger; Baraga; Gogebic; Houghton; Keweenaw; Marquette; Ontonagon
Expires: 10/31/2014 2:00 PM

Lake Effect Snow Advisory

MI AREAS AFFECTED: Gogebic; Houghton; Keweenaw; Ontonagon; Southern Houghton
Expires: 10/31/2014 12:00 PM

Advertisement
Advertisement
Advertisement
Advertisement