Fourth-quarter assets in 529 college savings plans fell 13% from the third quarter and 21% from a year earlier, to about $88.5 billion, according to a report assembled by Financial Research Corp. and released by the College Savings Foundation this week.

Gross sales — new money invested in the plans — fell 10% from the third quarter, to $1.27 billion, but redemptions, or withdrawals from 529 plans, fell from both the third quarter and a year earlier, the report said.

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