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Recent Industry News
College Board releases new Trends in Higher Education Reports
(November 13, 2014) - The College Board has released its annual Trends in Higher Education reports. The reports - Trends in Student Aid and Trends in College Pricing - state that while the published tuition and fees of higher education institutions continues to rise more rapidly than the rate of inflation, the rate of increase has slowed. Total education borrowing has also declined by 8%.
529 plan assets continue record totals for 1Q14
(June 6, 2014) - According to Strategic Insight's 1Q14 Savings Plan Data Quarterly Highlights, total 529 savings assets were an estimated $210.6 billion, up 3.0% from 4Q13 assets and 16.8% from 1Q13.
Sallie Mae "How America Saves for College" Survey shows that college savings are up
(April 10, 2014) - Sallie Mae's annual "How America Saves for College" 2014 study, conducted by Ipsos Public Affairs, shows that families' overall college savings are up 7% over 2013.
The study also found that more parents are using a general savings account than any other method, and that families tend to use multiple vehicles to save for college.
Of the half of families who are not yet saving for college, the primary reason non-savers give is that they don't have the money.
The survey is based on 2,020 parents of children under the age of 18.