UA College Savings Plan receives top rankings in investment performance

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


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. 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


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.


UA press release