The 529 Movement
We’re Starting a Movement
To increase access to higher education and help alleviate the burden of student loan debt on our society.
The problem is clear: student loan debt in America is reaching levels that the U.S. Department of Education deems a crisis. To help keep that from preventing our kids from going to college, we’re promoting 529 college savings plans as a way for families to save and reduce their reliance on loans.
Here’s what we’re up against:
The average student loan payment is
$393 per month.*
Student loan debt is the
2nd – highest debt category, behind only mortgage debt.*
Americans collectively owe
$1.5 trillion on student loans.*
And here’s why we’re confident about 529 college savings plans:
Children who know that they have college savings accounts are
6x more likely to attend college.*
529 savings can be
combined with student aid and scholarships to help pay for the full cost of college.*
You can open a 529 plan with
as little as $10 or less, depending on the plan.*
These are just a few of the many advantages to 529 college savings plans. Read on about 529 plan features on the College Savings Plans Network site.
The People Involved
These members of the College Savings Plans Network helped this movement come alive. Members are listed in no particular order.