For Immediate Release:
April 27, 2022
Ashley Motley, Director of Strategic Communications
Learning Quest Announces 5-Cap Rating Resident Rating
TOPEKA – Learning Quest has received a 5-Cap Resident Rating in the most recent ratings report from Saving for College. Learning Quest 529 accounts are educational savings plans administered by the State of Kansas in partnership with American Century Investments.
Saving for College continues to serve as an unbiased resource for families saving for the future. It was founded in 1999 by CPA Joseph Hurley.
“We will continue to prioritize our collaborative partnership with American Century Investments as we work to ensure that each and every Kansan knows about the opportunity to save for education with a Learning Quest 529 plan. I appreciate that the program makes investment approachable and not overwhelming for Kansans. Under my leadership, we have seen an increase of 33% in Learning Quest 529 plans opened,” said Treasurer Lynn Rogers.
About the Saving for College 5-Cap Rating:
This is a program that offers outstanding flexibility, attractive investments, and additional economic benefits (such as generous state tax incentives) that for some people, at least, will provide a substantial boost to their savings. There are few, if any, weaknesses noted in the program.
A rating is assigned to each state-sponsored program ranging from one cap (least attractive) to five caps (most attractive). The 5-Cap Rating represents an opinion of the overall usefulness of a state's 529 plan based on many considerations. The 5-Cap Rating is not strictly a measure of historical returns and it is not a predictor of future investment performance, level of investment risk, or financial solvency of the program funds. For more information on the criteria used in assigning a 5-Cap Rating, click here.