Data
529 plan data is collected by CSPN on a quarterly basis and made available to states, policy makers, the media and the general public. In September 2012, CSPN released its mid-year 529 Report which found record-level growth for college savings plans.
Based on data collected by CSPN from all 529 plans in the country, including 106 savings and prepaid tuition programs, the mid-year 529 Report shows that for the first half of 2012, total investment by American families in 529 plans has reached a record level of $179.02 billion. In the first six months of 2012, total assets in 529 plans grew by $14.16 billion dollars, nearly twice as much as the $7.43 billion increase in all of 2011.
The total number of 529 accounts continued to increase over an 18 month period, going from 10.16 million in December 2010 to 10.98 million as of June 30, 2012.
The average 529 account size continues to grow, reaching an all-time high of $16,298 as of June 30, 2012: a 6.2% increase over the past twelve months. Including growth from contributions and investment returns, total assets in 529 plans grew by 8.6% since December 31, 2011.
Read more about this topic: College Savings Plans Network
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