Don’t look now but Wisconsin’s once beleaguered College Savings Program is suddenly a hot commodity.
The state’s “529” savings plans — EdVest and Tomorrow’s Scholar — now boast nearly 228,000 accounts. That’s up about 7 percent from a year ago and 45 percent over the past four years.
The growth is even more impressive when you consider the history of the Wisconsin 529 program, named after its section number in the IRS code that allows earnings to grow tax-free.