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Recent Industry News
CSF "How Youth Plan to Fund College" Survey suggests students are being more proactive in planning for college
(May 6, 2015) - The College Savings Foundation's sixth annual "How Youth Plan to Pay for College" survey shows that 82% of students believe that it is their responsibility to pay for at least part of their higher education. This year, survey results indicate more students plan to pay for a bigger portion of college. 71% plan to pay for over 25% of college costs, which is up from 53% in 2014.
51% of respondents are also already saving for higher education, as opposed to 44% in 2014. Those who are saving are also putting more aside than in previous years.
529 assets increase in 4Q 2014
(March 1, 2015) - Total 529 savings plan assets increased 3.3% from 3Q 2014 to 4Q 2014, according to Strategic Insight. With an estimated $224.3 billion, 529 plan assets have increased 9.7% over 4Q 2013.
Assets under management and net inflows continue to reach year-over year highs, indicating strong usage by families in saving for higher education.
529 assets dip in Q3
(December 15, 2014) - Total assets in 529 college savings plans decreased 1.5% during the third quarter of 2014, according to Strategic Insight, reflecting the seasonal withdrawal pattern associated with the return to fall classes.
Assets at September 30, 2014 were $217.2 billion compared with assets of $220.6 billion at June 30, 2014. Estimated net outflows during the quarter were $1.20 billion.
Assets were 13.5% higher than September 30 a year ago, when they stood at $191.3 billion. Net outflows in last year's third quarter were $0.60 billion.
Strategic Insight found that Virginia's CollegeAmerica 529 plan had the largest share ($46.8 billion) of total 529 assets at September 30, 2014, while New York's College Savings Program-Direct was second with $15.8 billion.