At the end of the third quarter, total assets held in 529 college savings plans reached $163.7 billion, a 21.6% increase from the year-earlier total, according to a report by Financial Research Corp.

As FRC noted, “529 saving plans continue to reach year-over-year all-time highs. Therefore, investor interest in 529 plans and saving for education continues to rise.” (Those numbers do not include 529 prepaid plans, which held an estimated $22.1 billion of assets at the end of the third quarter of 2012.)

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