Saving for College- Prepaid or 529? (1 Viewer)

[mark alan]

Posted: August 12th, 2003
04:37 PM

A combination of rising costs and plummeting investments has forced several states to suspend enrollment in prepaid tuition plans designed to protect families against spiraling expenses at public colleges.

here is the story

http://story.news.yahoo.com/news?tmp...paid_tuition_3

 

[Brian Perry]

Like many said, it was basically a scam. If the market yields greater returns than the rise in tuition, guess who keeps the profits? (Not the investor.) And when the tuition rises faster than investment results, as is currently the case, they halt the program.