Giving Parents A Better Way To Save For College
During tough economic times, socking money away for the kids' college fund may be the last thing on parents' minds. But efforts are under way to turn saving into something too good to refuse.Dickinson College, a liberal arts school tucked away in Carlisle, Pa., recently announced a guaranteed interest rate much higher than previously available through the Independent 529 Plan (I-529), which offers prepaid tuition accounts for 274 private colleges and universities (a list that's growing). In effect, those who pay for a portion of tuition now will be guaranteed to earn enough interest to cover that same portion in the future, plus an additional return on their investment – 4 percent, in Dickinson's case. Read more at:
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