Although 529 college savings plans continue to celebrate tremendous growth, the first 529 plan manager is dropping out, and industry experts predict more truancies to come.

The College Savings Foundation recently touted a 55% increase in 529 assets to a total of $45.1 billion in the third quarter from $29 billion a year earlier. Financial Research Corp. predicts college savings plan assets will surge nearly eight times by 2010 to $350 billion.

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