Colorado College Savings Plan selected SSBCiti Asset Management Group as manager of Scholars Choice, a new college savings program, said an official for Colorado state Treasurer Mike Coffman. Investors in the program will have the choice of seven "age-based’’ investment portfolios consisting of a mix of equity and fixed-income mutual funds.
Scholars Choice was established by the Colorado General Assembly under section 529 of the Internal Revenue Code.
Students can use the money for tuition at any college or university throughout the United States.
