Is529.aspx">529 College Savings Plans, reported that as of the close of the most recent fiscal year, Section 529 prepaid tuition plans are, on average, approximately 93 percent funded...In total, $22.4 billion has been saved in more than 1.6 million prepaid tuition accounts administered by 20 states.
“This new data shows that prepaid tuition plans continue to be a solid choice for families with young children to save for college,” said Betty Lochner, Director of Washington’s GET Program, and Vice Chair of College Savings Plans Network. “On average, prepaid tuition plans have recovered well from the recession, and they’re continuing to absorb recent increases in college tuition. In fact, their 93 percent average funded status far exceeds the 76 percent average funded status that’s currently estimated for our country’s public pension funds.”
Twenty states currently manage prepaid tuition plans (11 of which are open to new enrollments), which enable families to purchase contracts or units at a set price which will cover future college tuition benefits when the student is in college...Data from the next 529 Report will be released in March 2012. Section 529 College Savings Plans, one of the most popular, convenient and tax-advantaged ways to save for college...CollegeSavings.org.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/2/prweb9193022.htm