Results for "college savings"

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Affluent households ignore 529 plans, study says

June 14, 2009

Two-thirds of affluent parents with children under 18 aren't using Section 529 college savings plans, according to a report by The Phoenix Cos. Inc. “Clearly, the high-net-worth market is under-penetrated when it comes to 529 plans,” according...

529s eye low-risk options for market-shy parents

June 7, 2009

Risk-averse parents saving for their children's college education are flocking to conservative, low-risk financial products, and Section 529 college savings plans are taking action as their assets decline. More than a dozen state 529 plans are...

College search net widens

May 31, 2009

The recession may have put a crimp in college savings plans, but it has actually heightened interest among parents and students in a greater variety of colleges, according to one industry observer. “Typically, we get requests for about four...

Kentucky college savings plan to keep TIAA-CREF Tuition Financing

May 26, 2009

TIAA-CREFF again is being retained as the program manager for the Kentucky Education Savings Plan Trust 529 college savings plan. The Frankfort-based Kentucky Higher Education Assistance Authority announced today that TIAA-CREF Tuition Financing...

Battered college savings industry weathering the storm

May 19, 2009

Parents are still contributing to their children’s college funds, despite the ravages of the recession, according to research released today. Assets in Section 529 college savings plans were down only 3% in the first quarter of 2009 from the...

Earning an F in thrift

May 17, 2009

Although the majority of consumers who participated in the National Financial Literacy Survey gave themselves good grades for their knowledge of personal finance, many admitted that they aren't saving money for the future. The survey, of 1,000...

Saving for college is still a priority, survey shows

May 17, 2009

Worries about saving for college haven't stopped parents from continuing to set money aside for higher-education costs. Six in 10 parents surveyed said that they strongly believed that if tuition costs kept skyrocketing, college would be unaffordable...

Though saving, parents fear they won't meet spiraling tuition costs, says survey

May 15, 2009

Although parents are worried about the rising cost of college, the recession isn’t stopping most of them from saving, according to a survey that is to be released Monday by OppenheimerFunds Inc. Despite the economic crisis, just 26% of the...

Prominent 529 exec Jackie Williams to step down from Ohio Tuition Trust Authority

May 11, 2009

Jacqueline “Jackie” Williams, a leading figure in the Section 529 college savings plan industry, is leaving her job as executive director of the Columbus-based Ohio Tuition Trust Authority to become director of New America Foundation’s College...

OppenheimerFunds faces heat from 529 plans

May 3, 2009

OppenheimerFunds Inc.'s hot streak in the Section 529 college savings plan business is coming to an end. The fallout from the implosion of OppenheimerFunds' Core Bond Fund, which lost 36% of its value last year, has become a major albatross...

In the financial dark

April 19, 2009

April is National Financial Literacy Month, and it couldn't arrive at a better time for Americans who can't answer the most basic questions concerning personal finance. A recent national survey completed by the Center for Economic and Entrepreneurial...

Lessons from students

April 19, 2009

College may be a great place to learn about the investment business, but professionals could learn a thing or two from a group of 20 students at Houston's Rice University. Founded last fall, Rice's student-run investment group, Owl Capital Management,...

Investors seek 529 plans backed by FDIC

March 15, 2009

Interest in Section 529 college savings plans that are backed by the Federal Deposit Insurance Corp. is picking up amid the stock market's downturn. Last month, the Salt Lake City-based Utah Educational Savings Plan became the latest 529 program...

Two leading 529 plan groups join forces in Washington

March 1, 2009

The Section 529 college savings plan industry's two leading advocacy organizations are teaming up to advance their legislative and regulatory agendas in Washington. Information-sharing between the College Savings Plan Network and the College...

Texas Tech students well-equipped with financial software

February 20, 2009

A new technology center focused on financial planning was dedicated at the Texas Tech University College of Human Sciences. The Charles Schwab Personal Financial Planning Technology Complex equips students with more professional software than...

529 industry bolsters marketing amid downturn

February 8, 2009

States that have Section 529 college savings plans and the financial services companies that manage them are working overtime to make sure that advisers — who account for about 80% of their sales — remain interested in the product during...

Market woes fuel prepaid-tuition plans

February 8, 2009

Enrollment in prepaid-college-tuition programs has soared since the financial crisis began last fall. Indeed, interest among consumers and states in prepaid programs, where families can lock in future tuition fees by paying current rates, is...

529 groups band together to lobby Congress

January 30, 2009

The 529 college savings plan industry’s two advocacy organizations are taking steps to work more closely on 529 legislative issues in Washington. Board members from the Lexington, Ky.-based College Savings Plan Network and the Washington-based...

Delaplane: 529s face challenging period

January 30, 2009

Listen to an interview with James Delaplane conducted by InvestmentNews deputy editor Evan Cooper. The Section 529 college savings plan industry will face “a period of challenge” in Washington this year, according to veteran industry consultant...

Survey: 529 industry feeling the heat of financial furnace

January 29, 2009

Even the normally upbeat Section 529 college savings plan industry is in the dumps as it grapples with the financial crisis, according to a survey released this morning by the College Savings Foundation at its annual conference in Miami Beach,...

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