INDIANAPOLIS, IN— Treasurer of State Kelly Mitchell announced that assets in the state’s tax-advantaged CollegeChoice 529 education savings plans have surpassed $6 billion, an increase of more than $3.1 billion since her tenure began in November 2014.

To date, over 397,000 accounts have been established, with an average account balance of $15,000. Outstanding student loan debt in Indiana held by approximately 875,000 Hoosiers is estimated at $28.7 billion.