529 Plan Program Statistics, March 2006Washington, DC, July 12, 2006 - The combined assets of all Section 529 plans, programs designed to help pay for higher education expenses, grew 8.3 percent to $89.5 billion during the first quarter of 2006. At end of March 2006, prepaid plans accounted for $14.2 billion, while savings plans held another $75.3 billion. Section 529 Plan Assets 1998-2006:Q1 
Note: Data were estimated for a few individual state observations in the early years in order to construct a continuous time series.
Sources: Investment Company Institute and College Savings Plans Network Number of Section 529 Plan Accounts Increases
The number of Section 529 plan accounts increased 4.9 percent to about 8.6 million in the first quarter of 2006. There were 2.0 million prepaid plan accounts and 6.6 million savings plan accounts. The average 529 savings plan account size was about $11,500 in March 2006. Section 529 Plan Accounts 2000-2006:Q1 
*Totals are approximate. Exact figures are not available because of missing observations.
Note: A single beneficiary may have more than one account. Starting in 2005, the survey requests the number of unique beneficiaries where possible.
Sources: Investment Company Institute and College Savings Plans Network College Savings Plan Network Program Statistics
Reporting Date March 31, 2006
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State or other territory |
Value of
Actual
Funds
(millions of dollars) |
Total
Number
of
Accounts* |
Date of
Inception |
Alabama Prepaid |
$674.6 |
72,393 |
1990 |
Alabama Savings |
$491.6 |
52,991 |
June-02 |
Alaska |
$2,187.5 |
217,758 |
1991 |
Arizona |
$349.4 |
30,982 |
June-99 |
Arkansas |
$134.9 |
11,426 |
Dec-99 |
California |
$1,894.7 |
179,273 |
Oct-99 |
Colorado Prepaid |
$39.0 |
13,979 |
Sept-97 |
Colorado Savings |
$2,435.4 |
226,707 |
Sept-97 |
Connecticut |
$687.2 |
45,596 |
Dec-97 |
Delaware |
$298.9 |
22,913 |
July-98 |
District of Columbia |
$66.0 |
6,357** |
Nov-02 |
Florida Prepaid |
$5,117.0 |
1,142,244 |
1988 |
Florida Savings |
$91.5 |
24,436 |
Fall 2002 |
Georgia |
$368.7 |
50,200 |
Apr-02 |
Hawaii |
$34.0 |
3,202 |
Apr-02 |
Idaho |
$88.5 |
13,111 |
Mar-01 |
Illinois Savings |
$1,809.1 |
134,686 |
Mar-00 |
Illinois Prepaid |
$729.3 |
48,850 |
Oct-98 |
Indiana |
$439.5 |
60,837 |
1997 |
Iowa |
$1,431.8 |
123,000 |
Sept-98 |
Kansas |
$1,335.1 |
94,548 |
July-00 |
Kentucky Prepaid |
$117.4 |
8,721 |
Oct-01 |
Kentucky Savings |
$77.4 |
7,960 |
1990 |
Louisiana |
$106.3 |
23,855 |
July-97 |
Maine |
$3,941.5 |
166,678 |
Aug-99 |
Maryland Prepaid |
$430.8 |
29,933 |
Apr-98 |
Maryland Savings |
$999.5 |
78,218 |
Dec-01 |
Massachusetts Prepaid |
$97.0 |
36,500 |
1995 |
Massachusetts Savings |
$2,053.3 |
121,593 |
Mar-99 |
Michigan Prepaid |
$950.0 |
79,351 |
1988 |
Michigan Savings |
$1,274.9 |
137,293 |
2001 |
Minnesota |
$433.7 |
41,373 |
Sept-01 |
Mississippi Prepaid |
$184.2 |
21,777 |
1997 |
Mississippi Savings |
$58.6 |
5,402 |
Mar-01 |
Missouri |
$899.0 |
89,495 |
Nov-99 |
Montana |
$156.0 |
13,090 |
1998 |
Nebraska |
$1,373.1 |
139,723 |
Jan-01 |
Nevada Prepaid |
$82,3 |
11,805 |
Oct-98 |
Nevada Savings |
$2,462.7 |
274,889 |
Oct-01 |
New Hampshire |
$5,718.6 |
451,699 |
July-98 |
New Jersey |
$1,177.2 |
139,227 |
Aug-98 |
New Mexico Savings |
$1,511.5 |
152,183 |
Sept-00 |
New York |
$5,017.8 |
436,150 |
Sept-98 |
North Carolina |
$236.5 |
23,694 |
June-98 |
North Dakota |
$305.2 |
24,001 |
Sept-01 |
Ohio Guaranteed Fund |
$871.0 |
136,151 |
1989 |
Ohio Variable Funds |
$4,394.9 |
633,081 |
2000 |
Oklahoma |
$181.2 |
27,942 |
Apr-00 |
Oregon |
$583.1 |
77,128 |
Jan-01 |
PA Guaranteed Savings Plan |
$1,070.0 |
116,812 |
1993 |
Pennsylvania Investment Plan |
$315.0 |
26,601 |
July-02 |
Rhode Island |
$6,806.0 |
420,349 |
Sept-98 |
South Carolina Prepaid |
$111.1 |
7,085 |
Sept-98 |
South Carolina Savings |
$657.1 |
54,500 |
Mar-02 |
South Dakota |
$557.6 |
54,365 |
May-02 |
Tennessee Prepaid |
$57.6 |
8,663 |
1997 |
Tennessee Savings |
$31.5 |
3,619 |
2000 |
Texas Prepaid |
$1,664.2 |
152,716 |
1996 |
Texas Savings |
$161.9 |
19,201 |
Sept-02 |
Utah |
$1,467.0 |
85,829 |
1996 |
Vermont |
$51.6 |
4,965 |
Dec-99 |
Virginia Prepaid |
$1,221.0 |
85,353 |
1996 |
Virginia Savings |
$15,757.6 |
1,235,829 |
Dec-99 |
Washington |
$657.7 |
61,075 |
1998 |
West Virginia Prepaid |
$97.6 |
9,737 |
Oct-98 |
West Virginia Savings |
$662.3 |
77,172 |
Feb-02 |
Wisconsin |
$1,700.1 |
212,801 |
1997 |
Wyoming |
$17.2 |
1,327 |
May-00 |
TOTAL |
$89,462.5 |
8,602,400 |
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*"Accounts" is unduplicated beneficiaries when possible; the number of accounts, otherwise.
**Data as of December 31,2005.
Source: College Savings Plans Network |
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