Think College When They Are in Diapers!

June 23, 2009 – 8:51 am

In 18 years, a degree from a public school will cost around $200,000 and a private university will run closer to $400,000, according to the College Board, which administers the SAT standardized college admissions test.
Adapted from “The Wall Street Journal Financial Guidebook for New Parents,” by Stacey L. Bradford. Copyright 2009 by Dow Jones & Co. Inc. Published by Three Rivers Press, an imprint of the Crown Publishing Group.
For most of us, the only way to accumulate that kind of cash is to start setting money aside while our kids are still in diapers.
How?
529 Basic College Savings Plan
The 529 plan is a tax-advantaged savings account that allows you to invest money today and withdraw the funds free of federal income taxes, provided the money is used for qualified college expenses.

Original post by David E. Bonvie and studentloannews.org