Assets in 529 college savings plans have grown 56% in the past 24 months, beating industry estimates by 30%, according research by Financial Research Corp.
“This dramatic growth of college savings plans is nearly 30% higher than previously projected,” said Paul Curley, director of 529 college savings research at FRC, at the recent annual conference of the College Savings Foundation in San Diego. “It is also worth noting that new accounts opened during this same time period increased by 15%,” he added.
