Kentucky Higher Education Assistance Authority
State college savings plan is highly rated
A study by savingforcollege.com ranks the Kentucky Education Savings Plan Trust (KESPT) as sixth in the nation for one-year investment performance ending Sept. 30, 2011. This ranking was achieved during a period that included a particularly volatile third quarter for the stock market, suggesting that KESPT did a good job of preserving returns when compared to similar plans.
“Kentucky families have been investing in KESPT for over 20 years, and the investment study by savingforcollege.com reaffirms the value our state’s college savings plan offers Kentuckians who are investing for their children’s future,” said KHEAA Executive Director Edward J. Cunningham.
The savingforcollege.com site was established in 1999 to help parents and professional advisers make better decisions about saving for a college education. It was founded by Joe Hurley, a certified public accountant in New York.
KESPT is Kentucky’s official College Savings Plan, which helps families save for a loved one’s future college education with tax advantages. It is administered by the Kentucky Higher Education Assistance Authority (KHEAA) and managed by TIAA-CREF Tuition Financing Inc., a leader in managing college plans.
For more information about KESPT, visit kysaves.com or call 1-877-598-7878.
To learn how to plan and prepare for higher education, go to www.gotocollege.ky.gov. For more information about Kentucky scholarships and grants, visit www.kheaa.com; write KHEAA, P.O. Box 798, Frankfort, KY 40602; or call (800) 928-8926, ext. 6-7372.
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