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September 15, 2014

College savings are up: plans average $20,000

  • That's almost double what ‘529' accounts were worth during the dog-days of the recession.
  • By ANNE FLAHERTY
    Associated Press

    WASHINGTON — The good news is that Americans are saving more than ever for college. The bad news is that the average amount wouldn't come close to getting a person a degree.

    In a recenbt report, the College Savings Plans Network found that the average college savings or prepaid tuition account known as a “529” plan is now worth about $20,671 — almost double what these accounts were worth during the dog-days of the recession.


     
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