Due to a new requirement having to do with performance data in the advertisements of 529 college savings plans, picking a college plan has just become a little bit easier, according to a Dow Jones Newswire.

The Municipal Securities Rulemaking Board (MSRB) rule came into effect on Dec. 1 and requires that broker/dealers and municipal securities dealers use a defined method of computing and displaying performance data for mutual funds. Performance that is reported in an advertisement must be limited to average annual return, current yield, tax equivalent yield and after-tax return.

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