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FAQ

529 Plans: FAQs

What are 529 plans? Section 529 plans, named for the section of the tax code that provides for their favorable tax treatment, are formally called “qualified tuition programs.” These investment programs are designed to help pay for future qualified education expenses.
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Statistical Report

Release: 529 Plan Program Statistics, June 2020

529 Plan Data, June 2020 Washington, DC; September 29, 2020—The combined assets of all Section 529 plans—“qualified tuition programs” designed to help save for higher education expenses—were $373.5 billion at the end of June 2020, an increase of 0.5 percent since year-end 2019. At the...
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Statistical Report

Release: 529 Plan Program Statistics, December 2020

The combined assets of all Section 529 plans—“qualified tuition programs” designed to help save for higher education expenses—were $425.2 billion at the end of December 2020, an increase of 14.5 percent since year-end 2019.