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529 News
Recent Industry News
529 assets increase in 2010 Q1
(July 14, 2010) - Financial Research Corp. (FRC) reports that total assets in all 529 savings plans stood at $123B as of March 31, 2010, reflecting a 5.4% increase from December 31, 2009 assets of $117B. Compared to one year earlier, assets at March 31 were up 44%.
Virginia's CollegeAmerica 529 plan, managed by American Funds, was the largest program with $26.8B. In second place was New York's College Savings Program - Direct with $8.2B.
Futuretrust college-savings survey find parents expect kids' help
(February 2, 2010) - The "Hopes and Dreams" telephone survey commissioned by Futuretrust and conducted in December 2009 by Harris Interactive finds that 90% of parents who anticipate that their children will attend college expect their children to contribute at least in part to their own college tuition. A large percentage (80%) are looking to their children to apply for grants and scholarships.
The survey also found that 41% of parents who anticipate that their children will attend college have opened or plan to open a 529 tax-advantaged college savings account, although 33% still do not know what a 529 account is.
For more information, click here.
Hartford survey shows more families ready to save for college
(December 20, 2009) - According to The Hartford's online survey of 520 parents and grandparents, 80 percent of investors who work with a financial advisor and who have a child or grandchild under the age of 15, are saving for college for their children and grandchildren (up from 73 percent in 2007). And the majority of them – 60 percent – are using a 529 college savings plan to save for college (up from 30 percent in 2007).
The 20 percent who are not yet saving for college cite saving for their own retirement as the No. 1 reason why, followed by paying off a mortgage (25 percent) and paying off credit card debt (15 percent).
For more information, click here.
More Industry News
- 529 assets increase in 2009 Q3 (11/12/2009)
- OFI polls explores women's role in college planning (11/11/2009)
- Sallie Mae survey shows parents of younger children saving more (10/01/2009)
- Fidelity survey shows families falling further behind in college savings (10/01/2009)
- College Savings Foundation finds parents relying more on loans (10/01/2009)
- Columbia Management being sold to Ameriprise (09/30/2009)
- Survey shows more teens saving for college (09/28/2009)
- 529 assets increase in 2009 Q2 (08/18/2009)
- Futuretrust Hopes & Dreams Survey reflects economic deterioration (06/29/2009)
- Survey shows 529 plans underutilized by affluent (06/19/2009)
- One-third of college savers are using 529 plans (05/29/2009)
- Wee Web and Freshman Fund to merge (05/27/2009)
- 529 assets continue to slide (05/26/2009)
- Nonprofits team up for College Savings Initiative (05/26/2009)
- OppenheimerFunds survey finds parents falling behind (05/19/2009)
- Futuretrust and Waterfield offer 529 checking account (04/26/2009)
- Morningstar selects its 5 best/worst 529s (04/23/2009)
- 529 assets declined in 2008 fourth quarter (03/05/2009)
- "Survey: 529 industry feeling the heat of financial furnace" (02/03/2009)
- "529 groups band together to lobby Congress" (02/03/2009)
- 529 industry groups ask IRS for investment flexibility (11/17/2008)
- Hartford survey suggests grandparents as college funding source (11/12/2008)
- Fidelity survey shows college savers having tougher time (10/02/2008)
- Poll: More than half of parents feel helpless about college expenses (09/14/2008)
- College Funding: Grandparents willing, parents not asking (09/13/2008)
- TD Ameritrade survey finds fewer American saving for college (09/03/2008)
- Sallie Mae and Gallup describe how Americans pay for college (09/02/2008)
- "A Gift Registry for College Savings" (08/16/2008)
- Futuretrust survey finds Americans despairing of college costs (08/15/2008)
- Upromise survey finds families have less money to put towards college (08/14/2008)
- Illinois 529 tax challenge is dropped (06/12/2008)
- "Thank tax law for college savings plans" (06/09/2008)
- "529 college plans to enjoy continued asset growth" (06/09/2008)
- Unum offers 529 benefit to all employees with newborns (06/06/2008)
- Morningstar names best and worst 529 plans (04/16/2008)
- 529 assets rise in 2007 despite slowdown in Q4 sales (03/19/2008)
- New college-savings survey finds low level of savings (02/22/2008)
- "529 industry takes the next big step" (02/20/2008)
- Survey finds grandparents want to help pay for college (01/08/2008)
- Fidelity unveils new indicator of college financial readiness (12/05/2007)
- FRC reports shows 3Q growth of 4.4% in 529 assets (11/28/2007)
- Legacy Card and Rainbow Rewards start new 529 rewards program (10/29/2007)
- "Age-based funds dominate 529 plans" (10/29/2007)
- Hopes & Dreams Survey gauges parents' attitudes toward college (10/05/2007)
- Upromise college preparedness survey find parents misinformed (09/21/2007)
- CSF survey finds families with too much college debt, too little savings (09/14/2007)
- "529 plans achieving critical mass" (08/07/2007)
- Survey shows college and retirement running neck and neck (07/19/2007)
- John Hancock "wish I knew" survey gauges parents' regret (05/17/2007)
- SEC takes action against 1st Global for 529 sales (11/15/2006)
- Survey shows parents hope to send children to college of choice (11/05/2006)
- College Board reports average tuition increases for 2006-07 (10/25/2006)
- Survey shows parents unprepared for college costs (10/18/2006)
- Fidelity poll shows increasing interest in 529 plans (10/03/2006)
- TIAA-CREF and Mother's Work enter into agreement (08/02/2006)
- Survey shows grandparents setting up college funds (06/16/2006)
- Sallie Mae to acquire Upromise (06/01/2006)
- Survey demonstrates difficulty of managing college debts (05/31/2006)
- ICI releases statistics on 529 plan growth (05/08/2006)
- 529 program assets rise 31% in 2005 (01/31/2006)
- Vanguard/Upromise study college savings habits (01/05/2006)
- Fidelity survey suggests directing gift dollars to 529 plans instead of toys (11/15/2005)
- Newcomer enters the 529 loyalty-rebate business (10/26/2005)
- College Board report continuing increase in college costs (10/20/2005)
- Survey finds increased 529 usage among boomer households (08/30/2005)
- Utah 529 plan agrees to fixes under SEC agreement (08/04/2005)
- CSPN adopts revised disclosure principles (07/29/2005)
- FDIC expands deposit insurance coverage for 529s (05/23/2005)
- Nonprofit to embark on $1 million 529 experiment (11/22/2004)
- College Board releases report showing that education pays (10/26/2004)
- College Board releases annual college pricing and financial aid reports (10/26/2004)
- Fidelity survey shows parents regret not saving enough (10/11/2004)
- NASD issues investor alert on 529 plans (09/13/2004)
- Fidelity survey shows attitudes toward college savings (08/19/2004)
- Survey finds overwhelming public support for extending 529 tax benefits (04/08/2004)
- Study finds most families overestimate college costs (11/18/2003)
- College Board releases new college pricing numbers (10/24/2003)
- ICI survey sees college savings on the rise (10/07/2003)
- AIG poll finds only 2% of grandparents use a 529 (08/08/2003)
- AllianceBernstein poll finds most unaware of 529 (08/07/2003)


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