Why 529 College Savings Plans Favor the Fortunate. Charts You Can Trust

Autor/in	Aldeman, Chad
Institution	Education Sector
Titel	Why 529 College Savings Plans Favor the Fortunate. Charts You Can Trust
Quelle	(2011), (5 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Higher Education; Trust (Psychology); Charts; Public Policy; Paying for College; State Programs; Educational Policy; Policy Analysis; Educational Finance; Student Costs; Parent Financial Contribution; Family Financial Resources; Investment; Taxes; Kansas + Suchen Sie Ihr Suchwort? Hochschulbildung; Hochschulsystem; Hochschulwesen; Diagram; Diagrams; Diagramm; Tabellarische Überischt; Tabelle; Öffentliche Ordnung; Studienfinanzierung; Regierungsprogramm; Politics of education; Bildungspolitik; Politikfeldanalyse; Bildungsfonds; Studienkosten; Investments; Geldanlage; Investiton; Abgabe
Abstract	As college costs have continued to rise, states have offered families a way to save for their child's education. Private savings accounts, known as 529 savings plans, allow a family's investment to grow tax-free until a child is ready for college. Today, every state sponsors at least one 529 plan, and families have more than 10 million accounts, assets of which have increased from $14 billion to $135 billion in the last decade. In "Why 529 College Savings Plans Favor the Fortunate", Policy Analyst Chad Aldeman takes a closer look at the track record of these savings plans. Are they the best way to make college more affordable? Do they help families who might not otherwise be able to send their son or daughter to college? Using key figures to calculate the value of savings plans over time, Aldeman reveals the importance of timing for 529 investors. He also explores how 529 plans are--and are not--like the 401(k) plans many workers use to save for their retirement. And he looks at who benefits most from 529 plans. As states decrease their investment in higher education, more of the burden of paying for college will shift to individuals and families. And helping families afford higher education is a worthy public policy goal. But based on the data assembled in this Chart You Can Trust, Aldeman asks whether 529 plans are the best way to meet that goal. (Contains 2 charts and 11 notes.) (As Provided).
Anmerkungen	Education Sector. 1201 Connecticut Avenue NW Suite 850, Washington, DC 20036. Tel: 202-552-2840; Fax: 202-775-5877; Web site: http://www.educationsector.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10