saving for college - prepaid tuition plan

[dazzleman]

Originally Posted by parent2011

Hi. Does anyone here have experience with a prepaid tuition plan? I'm looking at the prepaid option versus a regular 529, which seems to offer mediocre mutual funds as investment choices.

If you've used a prepaid tuition plan, how has it worked for you and your child? Would you recommend it? Do you wish you had done something else?

Thank you.

I haven't, but the immediate problem I see is how you get the money back if your child is unable (or choose not) to go to the college to which you've prepaid the tuition.

[joe moving]

Originally Posted by Gandalara

So have the child attend a community college for the first 2 years and transfer for the last 2 years.

Parents are not legally liable to pay for their child's further education unless they want to.

seems like a very logical choice, and i think attending CC while working will teach personal responsibility that sending kids off to 100% paid for college does not.

also what a great deal here , in nj, if you get a 3.5 GPA in high school, 2 years of Community college is paid for by a program called STARS (not sure of the full details but it seems quite legit--need to maintain a decent GPA in CC also).