The problem with prepaid college plans

04/9/2012 | Financial Advisor online

Parents may want to think twice before buying into a prepaid college plan, some advisers say. The plans allow investors to buy tuition credits years in advance. However, some states have ended their programs because of rapid inflation that has made the programs economically unfeasible. They also prevent a family from choosing a new school or state when their children enter college. Other vehicles, such as 529 plans, offer better returns and more flexibility.

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