529 News

Fidelity unveils new indicator of college financial readiness

(December 5, 2007) - Fidelity Investments today announced the results of its first annual College Savings Indicator, which calculates how prepared parents are to pay for future college costs.

Based on a nationwide survey, the Indicator found that parents are projected to meet only 24 percent of the total cost of their children's college education, including tuition, fees and room & board. Faring better are those parents utilizing a tax-advantaged 529 college savings plan, who are on track to cover 52 percent of their children's college education expenses.

State-specific results were also prepared for those states with Fidelity-managed 529 plans, including Arizona, California, Delaware, Massachusetts, and New Hampshire.

For more information, click here.

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