"North Carolina's college-savings plan is dumping two poorly performing funds, a move that will reduce costs for parents and could make the plan more attractive," The News & Observer reports. "The funds, which have drawn criticism for having higher expenses, will be discontinued July 1. Participants will have to switch to one of 11 other funds overseen by the College Foundation of North Carolina. If they don't act by the end of June, their money will automatically be moved into lower-cost funds run by Vanguard."