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One of the nation’s largest 529 college savings plans slashes fees. Others may follow

Virginia’s Invest529, one of the largest 529 plans in the country, recently announced it was cutting administrative fees by almost half, effective Jan. 1.

The plan, which oversees more than 3 million accounts, also experienced record education savings numbers last year.

As the accounts grew, it became easier to bring the costs down, according to Virginia529′s CEO Mary Morris.

 

Read More at CNBC 

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