529 Plan Program Statistics, September 2007Washington, DC, December 19, 2007- The combined assets of all Section 529 plans, programs designed to help pay for higher education expenses, grew 4.4 percent to $127.4 billion during the third quarter of 2007. At the end of September 2007, prepaid plans accounted for $17.5 billion, while savings plans held another $110.0 billion.
Section 529 Plan Assets 1998-2007:Q3

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 2.7 percent to about 10.2 million in the third quarter of 2007. There were 2.2 million prepaid plan accounts and 8.0 million savings plan accounts. The average 529 savings plan account size was about $13,700 in September 2007.
Section 529 Plan Accounts 2000-2007:Q3

*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:Q1, 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 as of:
September 30, 2007
June 30, 2007
March 31, 2007
College Savings Plan Network Program Statistics
Reporting Date September 30, 2007
|
|
|
|
State or Other Territory |
Value of Actual Funds ($millions) |
Total Number of Accounts*/
Contracts |
Date of Inception |
Alabama Prepaid |
$792.7 |
73,768 |
1990 |
Alabama Savings |
$685.5 |
62,767 |
June 2002 |
Alaska |
$3,197.9 |
297,453 |
1991 |
Arizona |
$422.9 |
57,247 |
June 1999 |
Arkansas |
$168.1 |
13,356 |
November 1999 |
California |
$2,769.9 |
196,557 |
October 1999 |
Colorado Prepaid |
$36.0 |
13,958 |
September 1997 |
Colorado Savings |
$3,326.2 |
257,104 |
September 1997 |
Connecticut |
$989.1 |
62,603 |
December 1997 |
Delaware |
$399.4 |
25,853 |
July 1998 |
District of Columbia |
$101.2 |
9,162 |
November 2002 |
Florida Prepaid |
$6,217.4 |
1,236,864 |
1988 |
Florida Savings |
$143.7 |
30,326 |
November 2002 |
Georgia |
$561.6 |
69,159 |
April 2002 |
Hawaii |
$42.6 |
3,371 |
May 2002 |
Idaho |
$127.0 |
16,426 |
February 2001 |
Illinois Savings |
$2,564.8 |
171,022 |
March 2000 |
Illinois Prepaid |
$1,014.0 |
54,468 |
October 1998 |
Indiana |
$670.3 |
86,242 |
1997 |
Iowa |
$2,072.0 |
153,980 |
September 1998 |
Kansas |
$1,938.0 |
112,833 |
July 2000 |
Kentucky Prepaid |
$139.7 |
8,720 |
October 2001 |
Kentucky Savings |
$104.0 |
12,761 |
1990 |
Louisiana |
$164.4 |
30,888 |
July 1997 |
Maine |
$5,414.8 |
198,602 |
August 1999 |
Maryland Prepaid |
$579.5 |
32,346 |
April 1998 |
Maryland Savings |
$1,497.1 |
111,369 |
December 2001 |
Massachusetts Prepaid |
$91.0 |
36,777 |
1995 |
Massachusetts Savings |
$2,762.7 |
140,340 |
March 1999 |
Michigan Prepaid |
$1,027.1 |
84,399 |
1988 |
Michigan Savings |
$1,831.3 |
165,745 |
2001 |
Minnesota |
$636.1 |
46,210 |
September 2001 |
Mississippi Prepaid |
$221.0 |
23,746 |
1997 |
Mississippi Savings |
$84.1 |
7,913 |
March 2001 |
Missouri |
$1,208.3 |
101,035 |
November 1999 |
Montana |
$222.4 |
19,698 |
1998 |
Nebraska |
$1,964.8 |
152,675 |
January 2001 |
Nevada Prepaid |
$106.2 |
12,388 |
October 1998 |
Nevada Savings |
$4,359.7 |
369,439 |
October 2001 |
New Hampshire |
$8,062.2 |
546,846 |
July 1998 |
New Jersey |
$2,000.6 |
194,925 |
August 1998 |
New Mexico |
$2,028.0 |
142,551 |
September 2000 |
New York |
$7,570.1 |
543,929 |
September 1998 |
North Carolina |
$358.5 |
38,388 |
June 1998 |
North Dakota |
$330.8 |
19,984 |
September 2001 |
Ohio Guaranteed Fund |
$862.1 |
136,819 |
1989 |
Ohio Variable Funds |
$5,543.9 |
712,959 |
2000 |
Oklahoma |
$277.9 |
29,105 |
April 2000 |
Oregon |
$952.8 |
91,389 |
January 2001 |
PA Guaranteed Savings Plan |
$1,341.8 |
125,589 |
1993 |
Pennsylvania Investment Plan |
$467.1 |
39,136 |
July 2002 |
Rhode Island |
$8,492.2 |
488,559 |
September 1998 |
South Carolina Prepaid |
$135.4 |
7,326 |
September 1998 |
South Carolina Savings |
$1,029.6 |
71,185 |
March 2002 |
South Dakota |
$718.5 |
50,466 |
May 2002 |
Tennessee Prepaid |
$74.6 |
8,850 |
1997 |
Tennessee Savings |
$46.2 |
5,256 |
2000 |
Texas Prepaid |
$2,167.3 |
158,442 |
1996 |
Texas Savings |
$231.2 |
24,322 |
September 2002 |
Utah |
$2,416.4 |
103,687 |
1996 |
Vermont |
$81.6 |
6,646 |
December 1999 |
Virginia Prepaid |
$1,586.4 |
89,841 |
1996 |
Virginia Savings |
$25,607.2 |
1,614,408 |
December 1999 |
Washington |
$964.3 |
77,405 |
1998 |
West Virginia Prepaid |
$105.9 |
9,737 |
October 1998 |
West Virginia Savings |
$1,115.0 |
87,055 |
February 2002 |
Wisconsin |
$2,200.4 |
230,396 |
1997 |
Wyoming** |
Has partnered with Colorado to offer CollegeInvest Wyoming |
|
Total |
$127,422.7 |
10,214,771 |
| *"Accounts" is unduplicated beneficiaries where possible; number of accounts otherwise.
**Closed plan September 18, 2006.
Source: College Savings Plans Network
College Savings Plan Network Program Statistics
Reporting Date June 30, 2007
|
|
|
|
State or Other Territory |
Value of Actual Funds ($millions) |
Total Number of Accounts*
/Contracts |
Date of Inception |
Alabama Prepaid |
$757.7 |
73,670 |
1990 |
Alabama Savings |
$658.8 |
61,485 |
June 2002 |
Alaska |
$3,072.8 |
288,665 |
1991 |
Arizona |
$422.3 |
55,644 |
June 1999 |
Arkansas |
$163.8 |
13,112 |
November 1999 |
California |
$2,614.5 |
188,551 |
October 1999 |
Colorado Prepaid |
$37.1 |
13,959 |
September 1997 |
Colorado Savings |
$3,258.2 |
252,621 |
September 1997 |
Connecticut |
$954.5 |
60,356 |
December 1997 |
Delaware |
$386.6 |
25,735 |
July 1998 |
District of Columbia |
$96.6 |
8,848 |
November 2002 |
Florida Prepaid |
$5,940.8 |
1,223,168 |
1988 |
Florida Savings |
$136.4 |
29,607 |
November 2002 |
Georgia |
$534.6 |
66,740 |
April 2002 |
Hawaii |
$42.0 |
3,405 |
May 2002 |
Idaho |
$123.3 |
16,038 |
February 2001 |
Illinois Savings |
$2,525.6 |
165,898 |
March 2000 |
Illinois Prepaid |
$993.6 |
54,265 |
October 1998 |
Indiana |
$620.5 |
78,697 |
1997 |
Iowa |
$2,000.8 |
151,411 |
September 1998 |
Kansas |
$1,851.4 |
110,635 |
July 2000 |
Kentucky Prepaid |
$138.0 |
8,720 |
October 2001 |
Kentucky Savings |
$100.6 |
12,512 |
1990 |
Louisiana |
$157.5 |
25,416 |
July 1997 |
Maine |
$5,227.5 |
188,462 |
August 1999 |
Maryland Prepaid |
$547.8 |
32,209 |
April 1998 |
Maryland Savings |
$1,432.4 |
99,070 |
December 2001 |
Massachusetts Prepaid |
$93.0 |
36,533 |
1995 |
Massachusetts Savings |
$2,663.5 |
138,827 |
March 1999 |
Michigan Prepaid |
$997.6 |
82,880 |
1988 |
Michigan Savings |
$1,755.9 |
161,063 |
2001 |
Minnesota |
$602.7 |
50,410 |
September 2001 |
Mississippi Prepaid |
$221.0 |
23,458 |
1997 |
Mississippi Savings |
$81.2 |
7,656 |
March 2001 |
Missouri |
$1,175.2 |
97,926 |
November 1999 |
Montana |
$207.0 |
18,159 |
1998 |
Nebraska |
$1,879.6 |
149,670 |
January 2001 |
Nevada Prepaid |
$100.6 |
12,342 |
October 1998 |
Nevada Savings |
$4,063.6 |
355,781 |
October 2001 |
New Hampshire |
$7,677.2 |
545,584 |
July 1998 |
New Jersey |
$1,885.6 |
186,321 |
August 1998 |
New Mexico |
$1,968.4 |
167,024 |
September 2000 |
New York |
$7,296.5 |
531,109 |
September 1998 |
North Carolina |
$336.5 |
35,551 |
June 1998 |
North Dakota |
$327.1 |
17,997 |
September 2001 |
Ohio Guaranteed Fund |
$898.7 |
136,699 |
1989 |
Ohio Variable Funds |
$5,527.2 |
701,660 |
2000 |
Oklahoma |
$264.4 |
33,669 |
April 2000 |
Oregon |
$905.7 |
89,101 |
January 2001 |
PA Guaranteed Savings Plan |
$1,286.4 |
124,201 |
1993 |
Pennsylvania Investment Plan |
$437.5 |
34,628 |
July 2002 |
Rhode Island |
$8,319.5 |
431,713 |
September 1998 |
South Carolina Prepaid |
$129.7 |
7,328 |
September 1998 |
South Carolina Savings |
$975.2 |
68,220 |
March 2002 |
South Dakota |
$690.1 |
38,064 |
May 2002 |
Tennessee Prepaid |
$73.1 |
8,826 |
1997 |
Tennessee Savings |
$43.8 |
5,084 |
2000 |
Texas Prepaid |
$1,873.8 |
152,687 |
1996 |
Texas Savings |
$229.5 |
23,685 |
September 2002 |
Utah |
$2,285.5 |
98,430 |
1996 |
Vermont |
$72.1 |
6,306 |
December 1999 |
Virginia Prepaid |
$1,550.1 |
89,838 |
1996 |
Virginia Savings |
$24,047.2 |
1,563,888 |
December 1999 |
Washington |
$935.9 |
76,699 |
1998 |
West Virginia Prepaid |
$108.2 |
9,737 |
October 1998 |
West Virginia Savings |
$1,065.6 |
93,691 |
February 2002 |
Wisconsin |
$2,148.4 |
229,071 |
1997 |
Wyoming** |
Has partnered with Colorado to offer CollegeInvest Wyoming |
|
Total |
$121,995.2 |
9,950,415 |
| *"Accounts" is unduplicated beneficiaries where possible; number of accounts otherwise.
**Closed plan September 18, 2006.
Source: College Savings Plans Network
College Savings Plan Network Program Statistics
Reporting Date March 31, 2007
|
|
|
|
State or Other Territory |
Value of Actual Funds ($millions) |
Total Number of Accounts*
/Contracts |
Date of Inception |
Alabama Prepaid |
$749.9 |
73,669 |
1990 |
Alabama Savings |
$617.9 |
59,976 |
June 2002 |
Alaska |
$2,829.9 |
271,606 |
1991 |
Arizona |
$403.8 |
53,842 |
June 1999 |
Arkansas |
$155.4 |
12,570 |
November 1999 |
California |
$2,412.3 |
180,994 |
October 1999 |
Colorado Prepaid |
$37.5 |
13,979 |
September 1997 |
Colorado Savings |
$3,037.4 |
243,860 |
September 1997 |
Connecticut |
$894.1 |
58,046 |
December 1997 |
Delaware |
$360.6 |
24,886 |
July 1998 |
District of Columbia |
$89.6 |
8,545 |
November 2002 |
Florida Prepaid |
$5,818.4 |
1,223,168 |
1988 |
Florida Savings |
$126.5 |
29,010 |
November 2002 |
Georgia |
$496.5 |
64,357 |
April 2002 |
Hawaii |
$40.5 |
3,423 |
May 2002 |
Idaho |
$114.9 |
15,556 |
February 2001 |
Illinois Savings |
$2,338.3 |
160,372 |
March 2000 |
Illinois Prepaid |
$898.3 |
52,041 |
October 1998 |
Indiana |
$553.5 |
71,550 |
1997 |
Iowa |
$1,860.0 |
145,393 |
September 1998 |
Kansas |
$1,711.0 |
115,473 |
July 2000 |
Kentucky Prepaid |
$133.3 |
8,721 |
October 2001 |
Kentucky Savings |
$95.1 |
12,264 |
1990 |
Louisiana |
$145.9 |
28,254 |
July 1997 |
Maine |
$4,842.7 |
184,208 |
August 1999 |
Maryland Prepaid |
$517.0 |
31,511 |
April 1998 |
Maryland Savings |
$1,313.0 |
104,667 |
December 2001 |
Massachusetts Prepaid |
$93.0 |
36,533 |
1995 |
| |