Kentucky college savings plan to keep TIAA-CREF Tuition Financing

TIAA-CREFF again is being retained as the program manager for the Kentucky Education Savings Plan Trust 529 college savings plan. The Frankfort-based Kentucky Higher Education Assistance Authority announced today that TIAA-CREF Tuition Financing Inc. of New York will continue to provide administrative, marketing and investment services for the plan, which has $90.4 million in assets and over 11,500 accounts. David Lawhorn, program administer for the plan, said he anticipates another five-year contract for TIAA-CREFF. Negotiations for the management agreement are expected to be completed over the summer, he said. TIAA- CREF also manages Section 529 plans in Connecticut, Georgia, Michigan, Minnesota, Mississippi, Oklahoma and Vermont.