Changes in store for SMART529 Savings Plan - WTRF 7 News Sports Weather - Wheeling Steubenville

Changes in store for SMART529 Savings Plan

Posted: Updated:
CHARLESTON, W.Va. (AP) -

Changes are in the works for West Virginia's SMART529 Direct Plan college savings program.   

According to the Associated Press, Treasurer John Perdue says the changes will make it easier for parents and grandparents to save for their children's or grandchildren's college education.           

Investments primarily will be made in Vanguard funds. Perdue says he expects this change to make the plan one of the lowest-cost in the nation.          

Another change is the elimination of a minimum contribution requirement.          

Perdue and Hartford officials will announce details Wednesday at a news conference in Charleston.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)