Assets soar in 529 college-savings plans

Source: L. A. Times Posted By: Bailey C...4030 days ago

Assets in 529 college-savings plans are soaring as American families search for ways to offset rising college costs and crushing student-loan debt.

As of year-end 2012, investors had more than $166 billion in the college savings accounts, up 25% in a year and nearly 40% in the last two years, according to a study by Morningstar Inc.

The increase stems partly from investment gains, particularly in the stock market. But the rise in 529 assets far outdistances the improvement in most stock indexes,....

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