It is a plan where you can pay for "units" that will purchase tuition costs in the future at today's costs. The idea of the plan is to beat the increasing inflation of college tuition. My only concern is that the plan is not guaranteed by the state(although it sponsers it) and if the plan managers don't know what they are doing, the entire program could bust. I guess it is just like every other investment, but I need some feedback from some other people who have looked into this particular program, thanks!|||I have studied these programs for eternity.
Some carry annual fees, and you can only change your investments once a year.
The only thing we are doing is putting money in a ROTH.
Also, we are putting extra money into the house.
This is called "hiding" money.
Financial aid does not look at the equity you have in your home when doing financial aid. They also do not look at non-taxable investments.
I think these plans are better for people that have a whole lot of trouble saving on their own. I do not see the wise investor putting money in this.
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