What it is What you pay for pros to manage your college savings
What's so bad The best plans charge less than 0.5% a year. Why should you pay four times that amount for the same investment?
Ouch! Arizona's Pacific Funds plan costs as much as 1.84% for age-based fund portfolios, 2.05% if you buy individual funds. Annual fees at Nebraska's TD Ameritrade plan can reach 1.89%.
What you can do Review your in-state options and find a low-cost plan at savingforcollege.com.