(Part 1 in a blog series focusing on prepaid tuition plans)
By Betty Lochner
Director, Guaranteed Education Tuition October 5, 2012
As director of Washington’s Prepaid Tuition Plan, I often hear parents say, “We decided to put our money in a 529 College Savings Plan instead of GET.” To which I always reply, “GET is a 529 college savings plan.”
(Part 2 in a series based on the findings from the 2012 Mid-Year 529 Report)
By Mary Anne Busse,
Managing Director, Great Disclosure LLC
Last week, we reported that data collected as part of our 2012 Mid-Year529 Report indicates that more families are using 529 Plans than ever before. 529 Plan assets reached record amounts as of June 30, 2012 with $179.02 billion invested nationally. This is an 8.6% increase during the first half of 2012. This week, we’ll focus on some other highlights from the report.
Average Account Size
The Report shows that as of June 30, 2012, 529 Plan accounts reached an average account balance of $16,298. In 2002, the average account balance was $9,688. Although the increase in savings may be an encouraging number, take a look at some other relevant numbers. The College Board’s Annual Survey of Colleges shows that in-state tuition and fees (including room and board) at public four-year institutions averaged $9,689 in 2002-2003 and $17,131 in 2011-2012.
(Part 1 in a series based on the findings from the 2012 Mid-Year 529 Report)
By College Savings Plans Network
September 20, 2012
Data collected as part of our 2012 Mid-Year 529 Report indicates that more families are using 529 plans than ever before. 529 plan assets reached record amounts as of June 30, 2012 with $179.02 billion invested nationally. This is an 8.6% increase during the first half of 2012.
State Treasurer, State of Iowa
September 10, 2012
Welcome to the College Savings Plans Network (CSPN) 529 blog. This blog is dedicated to providing families across the nation information to help them plan for college.