Missouri's college savings plan will now have lower administrative costs.
At a press conference at the University of Missouri St. Louis today, Missouri State Treasurer Clint Zweifel announced a new five-year management agreement with Upromise Investments and Vanguard that will decrease the cost of the MOST 529 plan by 44 percent. The partnership is estimated to save Missourians $18.5 million.
The non-profit organization Places for People broke ground today on a 23 unit apartment building that will provide housing for the chronically homeless in St. Louis. Organizers say it's Missouri's first affordable development funded by the state's housing commission.