UA College Savings Plan receives top rankings in investment performance
The University of Alaska College Savings Plan’s investment performance
ranked among the nation’s top college savings plans in the first
quarter of 2013, according to Savingforcollege.com.
The plan was ranked ninth, third, sixth and second among 55
direct-sold plans for the one-, three-, five- and 10-year periods
respectively. Plans are ranked based on the average percentile
rankings in seven asset allocation categories to produce a single
combined or "composite" ranking.
Savingforcollege.com is an independent analyst of 529 investment
performance. It analyzes the investment performance of thousands of
529 portfolios quarterly and ranks the plans from the best to worst.
As of March 31, the UA College Savings plan ranked in the top 10 in
each category with a second-place ranking in the 10-year investment
“We are pleased to remain among the top plans,” said Lael Oldmixon,
the plan’s director. “The UA College Savings Plan has ranked in the
top 10 in at least two of these categories in each of the last five
years. We are happy to offer this excellent college savings option for
The full report showing rankings for all direct-sold 529 plans can be
viewed at http://www.savingforcollege.com/articles/2013-plan-performance-rankings-q1.
Alaskans can invest in the plan directly, through their Alaska
Permanent Fund Dividend (PFD) or through Alaska Native corporation
dividends. Everyone who elects to automatically contribute half of
their 2013 PFD to the plan is entered into a drawing for a chance to
win a $25,000 scholarship account or one of four, $2,500 scholarship
accounts. Alaskans who did not designate half of their PFD can change
their application by filing the “UA College Savings Plan” form through
the Permanent Fund Dividend Division’s website at
The UA College Savings Plan is known as a “529 college savings plan,”
named for Section 529 of the Internal Revenue Code. These plans help
individuals and families save for college in a tax-advantaged way. The
UA College Savings Plan is Alaska’s Section 529 plan offered by the
Education Trust of Alaska and managed by T. Rowe Price. The UA College
Savings Plan may be used at any eligible school, including the
University of Alaska as well as most public and private universities,
graduate and post-graduate schools, community colleges and certain
proprietary and vocational schools.