529? What's that?

You're more likely to hear that sort of reaction if you mention the 20-year-old college savings plan than you were even a year ago—despite the surging problem of student loan debt.

That's according to a recent Edward Jones 529 Plan Awareness survey, which found that approximately 72 percent of Americans cannot identify a Section 529 savings plan as being for college savings. That's up from 66 percent a year ago—and despite the fact that such plans have been around since 1996.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.