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.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access