New York — Assets in 529 college savings plans jumped by nearly 14 percent in the first quarter of 2004, to an estimated $40 billion, according to data released in late May by the College Savings Foundation. At the end of the first quarter, 529 plan assets were up by 13.9 percent from roughly $35.1 billion at the close of 2003.

Estimated net sales of 529 savings plans for 2004’s first quarter totaled nearly $4.1 billion, up by 6.7 percent from $3.8 billion in estimated net sales in 2003’s fourth quarter.

CSF is a nonprofit group that helps build awareness of education savings programs and provides public policy support for 529 plans.

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