http://www.stateline.org/live/details/story?contentId=393552
Tuesday, April 21, 2009
Pre-paid tuition
Voltron says: I'm a big fan of pre-paid college tuition plans. They are offered in 19 states and allow you to lock in the current tuition rate and pay with a lump sum or payment plan. This differs from a "529" college savings plan where your returns are dependent on the investments in the plan. The "529" plans have been decimated by the market downturn, but pre-paid tuition plans are guaranteed by the state.
http://www.stateline.org/live/details/story?contentId=393552
http://www.stateline.org/live/details/story?contentId=393552
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1 comment:
Tron,
You don't think that college tuiton was also a bubble - that will come down as deflation takes place? I know many people who paid for their kid's tuition with home equity - now that it is gone - colleges may have to charge more reasonable rates?
why lock in today's high rates?
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