April 7, 2017

Future Scholar Direct 529 Plan Surpasses $1 Billion

Columbia, South Carolina– The Future Scholar Direct-Sold 529 College Savings Plan has surpassed $1 billion in assets as of March 31. The Future Scholar Direct and Advisor Plans are administered by South Carolina State Treasurer Curtis Loftis. Total assets combined exceeds $2.8 billion, with more than 134,000 plans open.

“This is a remarkable achievement for Future Scholar,” said Treasurer Loftis. “Exceeding $1 billion in assets tells me two things: more families are prioritizing higher education, and more families are choosing Future Scholar to do so. Our goal has always been to provide a trustworthy and beneficial plan, and I’m proud to know that we are meeting our goal and helping families in South Carolina and across the country save for college.”

Future Scholar recently announced its 15-year anniversary as a plan. Since being launched in 2002, the plan has achieved growth in number of accounts, total assets and average account size. Treasurer Loftis also launched the Financial Literacy Program, which provides critical financial education to students across the state, and the PalmettoBaby grant program has awarded more than $50,000 in privately funded grants.

“It is incredible that our 15-year milestone coincides with the Direct Plan surpassing $1 billion in assets,” added Loftis. “In 2017, Future Scholar is not only bigger, it’s better. I’m very proud of the plan our state offers.”

For more information about Future Scholar, visit FutureScholar.com or Treasurer.sc.gov.

About Future Scholar

Future Scholar is South Carolina’s 529 College Savings Plan. It is administered through the State Treasurer’s Office. For more information, visit FutureScholar.com or follow on Facebook: @SCStateTreasurer.