FRC: College Savings Plan Assets Climb

U.S. college savings plan asset totals have increased 56% in the past 24 months, according to Financial Research Corp. (FRC).

Section 529 plans ended 2010 with about $138 billion in assets, up from $88 billion at the end of 2008, according to FRC, Boston.

The net flow of assets into the funds increased 35%, to $3 billion, over that period, and the number of new accounts opened increased 15%, FRC says.