LINCOLN, Neb. (AP) – Nebraska’s college savings plan is making some changes designed to reduce costs and expand the investment options.
Nebraska State Treasurer Don Stenberg says the changes will help make Nebraska’s plan more competitive.
First National Bank of Omaha says portfolio expenses will be reduced in the plan. And some of the investment funds will now offer investors more diverse choices.
The changes will take effect in July after investors are formally notified in May.
Investors in so-called 529 plans offered by states across the country get tax benefits while saving for college. More than 52,000 families in Nebraska, and more than 189,000 nationwide, are saving through the Nebraska Educational Savings Trust, a 529 college savings plan.