Tapping into 529 Savings This Back-to-School Season

October 10, 2019

By Ascensus

Recent data from our platform highlights the volume of education savings that parents and grandparents tapped into to help fund beneficiaries’ education during the 2019 “back to school” season. From June 1 through August 31, 529 account owners made more than 491,000 withdrawals totaling more than $3.25 billion in assets. How much tuition could these savings potentially cover for students across the U.S.?