Release: 529 Plan Program Statistics, June 2024

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529 Plan Data, June 2024

Washington, DC, November 14, 2024 — The combined assets of all Section 529 plans—“qualified tuition programs” designed to help save for higher education expenses—were $508.3 billion at the end of June 2024, an increase of 7.87 percent since year-end 2023. At the end of June 2024, savings plans held $483.7 billion, while prepaid plans accounted for another $24.6 billion.

529 Plan Assets
Billions of dollars, end-of-period, 2008–2024:Q2
24-q2-figure1-assets.png

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

The number of Section 529 plan accounts was 16.8 million at the end of June 2024, an increase of 2.12 percent since year-end 2023. There were 15.9 million savings plan accounts and 0.9 million prepaid plan accounts at the end of June 2024.

529 Plan Accounts
Millions of accounts/contracts, end-of-period, 2008–2024:Q2
24-q2-figure2-accounts.png

Note: A single beneficiary may have more than one account. Starting in 2005, the survey requests number of unique beneficiaries where possible. Accounts data collected prior to 2009 cannot be compared to newer data due to a change in the data collection methodology.

Sources: Investment Company Institute and College Savings Plans Network

For additional information on 529 plans, see ICI’s Frequently Asked Questions About 529 Plans.  For additional 529 plan data, please contact the College Savings Plans Network.