Americans Are Saving More Than Ever for College – and the Numbers May Surprise You

Assets in 529 college savings plans increased by more than $5 billion in 2015 to hit a record $253.2 billion. While more Americans saved money for college, the average amount saved dipped slightly thanks to the turbulent stock market in the second half of the year. The average 529 college savings account balance fell 1.4 percent for the year, to $20,190 from $20,474, according to a new report from the College Savings Plan Network.