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529 Plan Asset Total Soars

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NU Online News Service, Aug. 24, 2004, 4:36 p.m. EDT

Assets in 529 college savings plans increased to $43 billion at the end of the second quarter, up from $26 billion a year earlier.[@@]

The College Savings Foundation, Washington, has published those figures in a report based on data from Financial Research Corp., Boston.

FRC estimates net new 529 plan sales increased to $2.9 billion in the second quarter, up from $2.4 billion for the comparable quarter in 2003.