What are the fees charged for investing in the START Saving Program?

All costs of LATTA or the Louisiana Office of Student Financial Assistance or the Louisiana State Treasurer in administering the START Saving Program and managing monies deposited in the Louisiana Principal Protection Fund have been assumed by the State of Louisiana and paid from funds appropriated for that purpose. No fees or administrative costs are currently charged to an account owner or a beneficiary or to the START Saving Program for monies deposited in the Louisiana Principal Protection Fund and none are anticipated.

The START Saving Program is charged an investment management fee on the moneys it invests in mutual funds managed by The Vanguard Group. This fee, known as the underlying fund expense ratio, varies with each mutual fund. These fees are subject to change without notice. A fee of 0.27% would equal $2.70 per $1,000 invested per year. These fees are deducted prior to the valuation of the mutual funds’ net asset value, thereby reducing the value of the START Saving Program’s investments, which reduces the return to account owners who selected Variable Earnings funds.