2009-11-10 16:38:09 -

State Treasurer Richard Mourdock, Chairman of the Indiana Education Savings Authority, announced today that Indiana’s CollegeChoice 529 Direct Savings Plan and CollegeChoice Advisor 529 Savings Plan (referred to individually as CollegeChoice 529 or CollegeChoice Advisor and collectively as “The Plans”) were rated 5-Cap for Indiana residents by Bankrate’s SavingforCollege.com, earning the organization’s highest rating.

Bankrate’s SavingforCollege.com 5-Cap Rating represents the website’s opinion of the overall usefulness of a state’s 529 plan, which is evaluated using a variety of factors. According to the website, a 5-Cap Rating represents “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.”

In addition, account owners in the Plans have transferred over $500,000 in Upromise earnings into their 529 plan accounts. Upromise is a free service that helps members earn money for college with everyday purchases like shopping online, dining out, booking travel, and more.

Upromise members can link their Upromise account to their CollegeChoice 529 or CollegeChoice Advisor accounts and earnings of $25 or more will be automatically transferred on a periodic basis.

"We want all Hoosier families to recognize what a terrific vehicle the CollegeChoice 529 Plan can be for bringing them closer to affording higher education, whether that means a traditional 4-year college, a community college, or vocational school,” said Richard Mourdock, Indiana State Treasurer. "These milestones indicate that CollegeChoice is making a difference in the lives of Indiana’s prospective students.”

In support of that goal, the State welcomed 2,500 fifth-grade students from the Indianapolis Public Schools on September 25 th for the first-ever Walk Into My Future pledge walk. The unique 5.29k (3.3mi) walkathon was designed to help children save for college through pledges that will be invested in the child’s CollegeChoice 529 account.

For more information about CollegeChoice 529, CollegeChoice Advisor, or Upromise, visit www.collegechoiceplan.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .



If you are not an Indiana taxpayer, consider before investing whether your or the beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.



For more information about the CollegeChoice 529 Direct Savings Plan, call 1.866.485.9415 or visit www.collegechoicedirect.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. to obtain a Disclosure Statement.



For more information about the CollegeChoice Advisor 529 Savings Plan, contact your financial advisor, call 1.866.485.9413, or visit www.collegechoiceadvisor529.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. to obtain a Disclosure Statement.



Each Plan’s Disclosure Statement includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing or sending money. Upromise Investments, Inc. Distributor and Underwriter.

CollegeChoice 529 Direct Savings Plan and CollegeChoice Advisor 529 Savings Plan are administered by the Indiana Education Savings Authority. Upromise Investments, Inc. serves as the Program Manager and Upromise Investment Advisors, LLC, provides investment advisory services and recordkeeping and administrative services. Upromise Investments, Inc. and Upromise Investment Advisors, LLC have overall responsibility for the day-to-day operations, including effecting transactions and marketing and distribution of each Plan.

Dodge & Cox; Frontegra Asset Management, Inc.; The Vanguard Group, Inc.; and Western Asset serve as Investment Managers for the CollegeChoice 529 Direct Savings Plan. Artio Global Management LLC; Barclays Global Investors, N.A; BlackRock Advisors, LLC; Columbia Management Group, LLC and its affiliates; Pacific Investment Management Company LLC (PIMCO); and T. Rowe Price serve as Investment Managers for the CollegeChoice Advisor 529 Savings Plan.

The Plan’s portfolios, although they invest in mutual funds, are not mutual funds. Units of the portfolios are municipal securities and the value of units will vary with market conditions.

Investment returns are not guaranteed, and you could lose money by investing in the Plan. Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences.

Upromise is an optional service offered by Upromise, Inc., is separate from CollegeChoice, and is not affiliated with the state of Indiana.

Specific terms and conditions apply. Participating companies, contribution levels, terms and conditions are subject to change without notice. Transfers subject to $25 minimum.

© 2009 Indiana Education Savings Authority and Upromise Investments, Inc. Upromise and the Upromise logo are registered service marks of Upromise, Inc. All other marks are the property of their respective owners.



Not FDIC-Insured. No Bank, State, or Federal Guarantee. May Lose Value.

Bankrate, Inc. and SavingforCollege.com assign a rating to each state-sponsored program ranging from one cap (least attractive) to five caps (most attractive). The 5-Cap Rating represents Bankrate’s opinion of the overall usefulness of the CollegeChoice 529 plan based on the many factors. These ratings are not the result of a fixed formula. 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.

5-Cap Ratings for adviser-sold 529 plans assume that the higher cost structure of adviser-sold plans is roughly equal to the value of the professional advice and due diligence provided by the selling broker.

The 5-Cap Rating and other information we provide are for information, education, and entertainment purposes only. You should not construe any Information, features, tools or other content available through this Web site as legal, tax, investment, financial, or other advice. The 5-Cap Rating and other information is broad in scope and does not consider your personal financial situation. Your personal financial situation is unique and the information and advice may not be appropriate for your situation. Accordingly, before making any final decisions or implementing any financial strategy, we recommend that you obtain additional information and the advice of your accountant and other financial advisors who are fully aware of your individual circumstances.
You assume the sole responsibility of evaluating the merits and risks associated with the use of the 5-Cap Ratings.


Ebben Zall GroupBill Ebben, 781-449-3244 Bill@EbbenZallGroup.com : mailto:Bill@EbbenZallGroup.com