529 assets dip in Q3
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.
Return to 529 News centerAssets 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.