SOUTH CAROLINA’S FUTURE SCHOLAR COLLEGE SAVINGS PLAN RANKED 2ND IN NATION 2008′s performance places State in top two nationally

For Immediate Release: March 4, 2009
Contact: Scott Malyerck (o) 803.734.2665 (c) 803.446.2881

SOUTH CAROLINA’S FUTURE SCHOLAR COLLEGE SAVINGS PLAN RANKED 2ND IN NATION
2008′s performance places State in top two nationally

(Columbia, SC)…”Saving for College.com” has just released its performance rankings for states’
529 College Savings Plans. South Carolina’s “Future Scholar” Plan was ranked #2 in the nation,
just behind Florida. The Future Scholar Savings Plan is administered by the State Treasurer’s Office.

Saving for College.com is a nationally recognized website that compares and analyzes 529 College
Savings Programs from around the country. They also analyze the investment performance
figures for thousands of 529 portfolios and rank the 529 savings plans from best to worst for
one-year investment performance. These rankings are for a one-year period ending December 31, 2008.

“We are extremely happy to hear that the performance of our Future Scholar College Savings Plan
is second in the nation. While there has been a steep downturn in the market, South Carolina’s plan
has outperformed every other state’s plan except one….and that’s significant,” said State Treasurer Converse
Chellis.

The Future Scholar Program is a way for families to save for qualified higher education expenses such as
tuition, room and board, books, and supplies. Contributions are tax deductible from South Carolina state
income taxes. The plan offers many diverse investment options. The minimun investment to open an
account is only $250.

There are approximately 78,000 thousand participants in South Carolina’s Future Scholar Program.

For more information on the Future Scholar Program, visit www.futurescholar.com.

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