Parents Sock Record Amounts Into 529 College Savings Plans

The average 529 college savings plan account has reached an all-time high average value of $20,934, and assets nationwide in these special college savings accounts grew to $258.2 billion at the end of June 2015. Losses in the stock market since June, however, no doubt have eroded some of these values, but 529 experts urge families to continue to save, and most are doing so directly with state 529 plans, and less with the help of advisors over the past four years.