529 assets increase in 2010 Q1

Financial Research Corp. (FRC) reports that total assets in all 529 savings plans stood at $123B as of March 31, 2010, reflecting a 5.4% increase from December 31, 2009 assets of $117B. Compared to one year earlier, assets at March 31 were up 44%.

Virginia's CollegeAmerica 529 plan, managed by American Funds, was the largest program with $26.8B. In second place was New York's College Savings Program - Direct with $8.2B.
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