529 Plan Program Statistics, September 2004Washington, DC, February 25, 2005 - The combined assets of all Section 529 plans, programs designed to help pay for higher education expenses, grew 4.8 percent to $57.0 billion during the third quarter of 2004. Assets in 529 savings plans accounted for $45.1 billion while prepaid plans held another $11.8 billion. Section 529 Plan Assets, 1998-2004: Q3
(billions of dollars) 
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 529 plan accounts increased to approximately 7.1 million, an increase of 4.6 percent - during the third quarter of 2004. There were 5.3 million 529 savings plan accounts and 1.8 million prepaid 529 plan accounts. The average 529 savings plan account size was about $8,500 in September 2004. Section 529 Plan Accounts, 2000-2004:Q3
(millions of accounts) 
*Totals are approximate. Exact figures are not available because of missing observations.
Note: A single beneficiary may have more than one account.
Sources: Investment Company Institute and College Savings Plans Network College Savings Plans Network Program Statistics
Reporting date: September 30, 2004
State or other territory |
Value of
Actual Funds
(millions of dollars) |
Total Number
of Accounts |
Date of
Inception |
Alabama Prepaid |
$616.0 |
71,039 |
1990 |
Alabama Savings |
$268.7 |
35,190 |
June-02 |
Alaska |
$1,279.8 |
158,534 |
1991 |
Arizona |
$231.8 |
42,783 |
June-99 |
Arkansas |
$145.0 |
13,010 |
Dec-99 |
California |
$1,200.1 |
187,303 |
Oct-99 |
Colorado Prepaid |
$39.7 |
14,491 |
Sept-97 |
Colorado Savings |
$1,561.3 |
206,353 |
Sept-97 |
Connecticut |
$487.4 |
49,120 |
Dec-97 |
Delaware |
$201.9 |
19,900 |
July-98 |
District of Columbia |
$31.2 |
4,264 |
Nov-02 |
Florida Prepaid |
$4,482.2 |
974,441 |
1988 |
Florida Savings |
$40.8 |
14,429 |
Fall 2002 |
Georgia |
$193.1 |
49,141 |
Apr-02 |
Hawaii |
$21.4 |
3,006 |
Apr-02 |
Idaho |
$49.7 |
11,726 |
Mar-01 |
Illinois Savings |
$1,084.9 |
109,143 |
Mar-00 |
Illinois Prepaid |
$512.7 |
42,703 |
Oct-98 |
Indiana |
$272.0 |
47,993 |
1997 |
Iowa |
$861.4 |
93,908 |
Sept-98 |
Kansas |
$799.5 |
79,976 |
July-00 |
Kentucky Prepaid |
$64.9 |
7,179 |
Oct-01 |
Kentucky Savings |
$53.9 |
14,991 |
1990 |
Louisiana |
$52.8 |
16,248 |
July-97 |
Maine |
$2,572.8 |
147,643 |
Aug-99 |
Maryland Prepaid |
$295.0 |
25,023 |
Apr-98 |
Maryland Savings |
$581.8 |
81,660 |
Dec-01 |
Massachusetts Prepaid |
$98.1 |
36,125 |
1995 |
Massachusetts Savings |
$1,385.3 |
103,650 |
Mar-99 |
Michigan Prepaid |
$973.6 |
79,178 |
1988 |
Michigan Savings |
$742.0 |
150,820 |
2001 |
Minnesota |
$253.0 |
53,472 |
Sept-01 |
Mississippi Prepaid |
$136.6 |
19,686 |
1997 |
Mississippi Savings |
$35.0 |
7,241 |
Mar-01 |
Missouri |
$557.1 |
111,939 |
Nov-99 |
Montana |
$118.4 |
7,008 |
1998 |
Nebraska |
$809.5 |
104,582 |
Jan-01 |
Nevada Prepaid |
$65.2 |
10,595 |
Oct-98 |
Nevada Savings |
$989.3 |
161,428 |
Oct-01 |
New Hampshire |
$3,513.1 |
350,978 |
July-98 |
New Jersey |
$530.6 |
81,719 |
Aug-98 |
New Mexico Prepaid |
$0.6 |
113 |
Sept-00 |
New Mexico Savings |
$951.6 |
144,109 |
Sept-00 |
New York |
$2,931.3 |
329,098 |
Sept-98 |
North Carolina |
$159.0 |
19,055 |
June-98 |
North Dakota |
$219.4 |
20,162 |
Sept-01 |
Ohio Guaranteed Fund |
$830.4 |
131,185 |
1989 |
Ohio Variable Funds |
$3,115.4 |
536,602 |
2000 |
Oklahoma |
$95.2 |
31,014 |
Apr-00 |
Oregon |
$335.5 |
58,361 |
Jan-01 |
PA Guaranteed Savings Plan |
$899.0 |
111,240 |
1993 |
Pennsylvania Investment Plan |
$139.0 |
16,009 |
July-02 |
Rhode Island |
$4,861.8 |
437,830 |
Sept-98 |
South Carolina Prepaid |
$89.2 |
6,548 |
Sept-98 |
South Carolina Savings |
$346.9 |
36,158 |
Mar-02 |
South Dakota* |
$275.6 |
22,602 |
May-02 |
Tennessee Prepaid |
$51.1 |
8,367 |
1997 |
Tennessee Savings |
$19.3 |
3,689 |
2000 |
Texas Prepaid |
$1,377.6 |
158,438 |
1996 |
Texas Savings |
$85.8 |
12,839 |
Sept-02 |
Utah |
$793.9 |
49,285 |
1996 |
Vermont |
$33.7 |
3,758 |
Dec-99 |
Virginia Prepaid |
$815.2 |
67,907 |
1996 |
Virginia Savings |
$8,196.0 |
824,707 |
Dec-99 |
Washington |
$416.2 |
44,614 |
1998 |
West Virginia Prepaid |
$82.6 |
9,737 |
Oct-98 |
West Virginia Savings |
$397.7 |
52,155 |
Feb-02 |
Wisconsin |
$1,215.9 |
180,780 |
1997 |
Wyoming |
$16.1 |
1,605 |
May-00 |
TOTAL |
$56,959.5 |
7,117,585 |
| *Data as of June 2004.
Source: College Savings Plans Network
|
