J.P. Morgan Asset Management Launches 2025 College Planning Essentials Guide

Core Insights - J.P. Morgan Asset Management has launched the 12th edition of its annual College Planning Essentials, providing financial advisors with insights and data to assist clients in planning for education savings and investments [1][2] Group 1: College Planning Trends - College planning is increasingly complex due to rising tuition costs, changing financial aid landscapes, and diverse saving strategies [2] - College tuition has increased by an average of 5.6% annually since 1983, significantly outpacing other household expenses [6] - Families now cover 48% of college expenses from their income and investments, up from 38% a decade ago, indicating a growing financial burden [6] Group 2: 529 Plans and Financial Strategies - J.P. Morgan Asset Management manages nearly $11 billion in 529 plan assets for over 346,000 families, offering two 529 plans available nationwide [3] - Despite the advantages of 529 plans, 63$3.6 trillion in assets under management as of December 31, 2024, serving a diverse clientele including institutions and high net worth individuals [4] - JPMorgan Chase & Co. operates globally with $4.0 trillion in assets and is a leader in various financial services, including investment banking and asset management [5]