Ascensus Chosen to Manage Kentucky Education Savings Accounts

Lower fees are coming for Kentuckian with a 529 Education Savings Account with the Kentucky Education Savings Plan Trust. At its December 13, 2018 meeting, the board of the Kentucky Higher Education Assistance Authority, which administers the trust, chose Ascensus, the nation’s largest manager of 529 savings programs, as the new manager for the plan, which will go into effect in February 2019. William Landrum III, Finance and Administration Cabinet Secretary, said Kentuckians will have this opportunity to see more funds go toward school expenses and less toward fees. Funds invested with the trust can be used to pay both for training and education after high school, as well as tuition for elementary and secondary schools. The new program will offer participants increased flexibility, choice, and value.

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