Sunday, April 19, 2009

Paying for College: 529 Plans Won't Cover the Cost Anymore - Mark Korba, CNBC

Parents who've seen the value of their 529 college-savings plans plummet over the past year may have another shock coming: Experts say the plans can't be counted on to pay the entire cost of a child's higher education. Unfortunately, as the value of many 529 portfolios shrinks, the cost of a college education continues to skyrocket, says Seth Varnhagen, president of North Castle Investors.