“Water Balloons and Summer Break”
By Rachel Biar Assistant State Treasurer for the Nebraska 529 College Savings Program June 29, 2015 Growing up, I couldn’t wait for summer break. Warmer temperatures, more time outdoors, water […]
By Rachel Biar Assistant State Treasurer for the Nebraska 529 College Savings Program June 29, 2015 Growing up, I couldn’t wait for summer break. Warmer temperatures, more time outdoors, water […]
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By Paul Curley, CFA
Director of College Savings Research, Strategic Insight
June 22, 2015
As a society, we seem to focus quite a bit on trends. While not all trends are great, there are a few that can help your children excel in some pretty incredible ways.
First, the world is becoming more digital. Just look around you, most people have multiple devices. While some have multiple devices to divide work and personal emails, others have wearable devices for more technical purposes such as keeping pace during a marathon. Is it that these devices are so ingrained in our culture that we do not even notice them, or is it that we have become more detached than ever before? For example, the late spring season marks the beginning for many things including college graduation and baseball. In Boston where I grew up, the trains this time of year would be flooded with people going to a Red Sox game and the air would be electric from the overall excitement for the game, but now interaction through technology devices is typically higher than face-to-face communication. Further, the expansion of robo advisors shows a push by technology into the financial service industry and replaces what has typically been completed by meeting in person with a financial planner.
Media Contacts: If you are a representative from the media, and you wish to speak with someone about CSPN or Section 529 plans, Catherine Seat, Communications Director for the National […]
By: Hon. Michael L. Fitzgerald
State Treasurer, State of Iowa
June 15, 2015
Just because your kids are on summer break doesn’t mean their college savings has to be as well. For many, summers are filled with carpooling to baseball games, backyard BBQs and trips to the pool. Let your kids enjoy their time away from the classroom while continuing to bolster their college savings.
• If you haven’t done so already, consider using an automatic investment plan (AIP). Saving with AIP allows you to set up automatic contributions on a regular basis by connecting your financial institution account to your 529 plan. This allows you to make saving a part of your routine without taking time out of your day each month. If you already use AIP, consider increasing the amount you contribute. Even a few extra dollars a month could mean big savings when it comes time to write that first college check. You and your kids may be taking a break this summer, but your account will not!
More than 12 million 529 accounts are open nationally.
More than $247 billion is invested in 529 plans across the country.
Prepaid plans are currently offered by 12 states and 1 not-for-profit organization.
In most states, you can contribute as much as $300,000 or more per beneficiary.
Minimum contributions can be as little as $10.