Oregon State Treasurer Ted Wheeler wants to reduce investment fees in the state's college savings plans by more than $500,000 a year.
Wheeler hopes that the fee reduction would make the Oregon College Savings Network one of the most affordable in the nation.
Currently, investors pay anywhere from about $4.40 to $12 for every $1,000 they invest in most Oregon College Savings Plan funds -- and even more in the broker-sold MFS Oregon 529 Plan.
About $1 of those annual fees go to the Oregon State Treasury to manage and market the plans; the rest go to plan sponsors TIAA-CREF Tuition Financing Inc. and MFS Investment Management.
Under Wheeler's proposal, the state's share of fees would fall to 50 cents per $1,000.
Read more at OregonLive.com.