529 Plans Surpass $500 Billion In Assets
According to the latest data from the College Savings Plans Network, total assets in 529 plans has surpassed $508 billion as of June 30, 2024. This is the total balance across all 16.8 million accounts held at the various 529 plans in each state.
Mary Morris, Chair of the College Savings Plans Network and CEO of Invest529, said in a press release, “As we read about headwinds facing those accessing education beyond high school and employers struggling to find workers with technical skills needed in today’s workforce, it is encouraging to see continued strength in the growth of individuals and families investing in their futures with contributions to tax-advantaged 529 accounts."
