Two Wisconsin 529s—an advisor-sold plan and a direct-sold plan—helped the Wisconsin College Savings Program reach a $5 billion milestone this week.
Edvest, a college savings plan sold directly to investors, received $3 billion in assets. The state’s advisor-sold plan, called Tomorrow’s Scholar, acquired over $1.9 billion in assets. The two plans have created over 280,000 accounts.
This achievement signifies residents’ serious attitudes towards saving for college, said Jay Risch, the secretary of the Wisconsin Department of Financial Institutions.
“According to a recent study, 65 percent of jobs nationwide will require postsecondary education and training by 2020. In Wisconsin alone that number is 61 percent through 2018,” Risch said in a statement.