Flexible

Choice of Investments - The Minnesota College Savings Plan offers you a choice of six investment options: Managed Allocation Option, 100% Equity Option, Balanced Option, 100% Fixed-Income Option, Money Market Option and  Guaranteed Option. The Guaranteed Option provides a guarantee of principal and a minimum rate of interest to the Minnesota College Savings Plan, but not to account owners or beneficiaries. Effective November 1, 2007, transfers from the Guaranteed Option to the Money Market Option will not be permitted. (If this restriction changes, investors will be notified prior to the effective date of any such change.) These options vary in their investment strategy and degree of risk, allowing you to select an option or combination of options that fits your needs and investment philosophy.

The investment approaches described are not recommendations and do not take into consideration personal goals or preferences. After evaluating information you consider important in making an investment choice, the ultimate decision is up to you. It is a good idea to revisit your investment strategy periodically as your goals, personal financial situation, and market conditions change.

Anyone May Open an Account - Parents, grandparents, relatives and friends who are U.S. citizens or resident aliens may open an account and contribute to the Minnesota College Savings Plan on behalf of a beneficiary. Minnesota state residency is not required.

No Income or Annual Contribution Limits - There are no income limits and no annual contribution limits.

No Annual Contribution Limits; Overall Maximum Account Balance Limit of $235,000 - There is no annual limit on the amount you may contribute. However, there is an overall maximum account balance limit of $235,000 which applies to all accounts opened for a beneficiary. An account owner may contribute to a beneficiary's account if, at the time of the contribution, the total balance of all accounts for that beneficiary does not exceed $235,000. Accounts that have reached the Maximum Account Balance Limit may continue to accrue earnings.

Low Minimum Contribution - You can open an account with a $25 check, money order, electronic funds transfer, or through the Automatic Contribution Plan. You can also contribute as little as $15 per investment option per pay period using payroll deduction through participating employers. Each account can have only one account owner and one beneficiary. However, each beneficiary may have more than one account and you may open separate accounts for as many different beneficiaries as you wish. If you want to invest in more than one investment option, you must contribute a minimum of $25 per investment option per beneficiary, or $15 per investment option per account if you are using payroll deduction.

Transfer to Another Beneficiary - If your beneficiary does not attend an eligible educational institution, you may name another eligible beneficiary for your account. The new beneficiary must be a member of the previous beneficiary's family, as described in the Minnesota College Savings Plan Disclosure Booklet and Participation Agreements (PDF, 773KB), in order to avoid having this change treated as a non-qualified withdrawal. Effective November 1, 2007, transfers (including transfers when there is a change of the Beneficiary) from the Guaranteed Option to the Money Market Option will not be permitted. (If this restriction changes, investors will be notified prior to the effective date of any such change.)

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