(I hope you will respond to this dummy - there's a link with the article)
Getting Educated About 529 Savings Plans
By Tracy Byrnes
TheStreet.com Contributor
1/8/2006 8:40 AM EST
URL:
http://www.thestreet.com/funds/perso.../10260657.html
Most of us look back on our college careers and fondly smile at those four years of unbridled happiness. Those were good times.
Now, as a mother of three, it makes me nauseated to think that my son may someday be in a fraternity and that my daughters will, well, someday be in a fraternity.
Unfortunately, there's this pesky societal requirement that a kid needs at least a bachelor's degree to get a decent job these days. So I have no choice but to unleash my children to this debauchery and hope that they learn something in the process.
To make matters worse, I must now start saving for what will probably be the most expensive party of their lives. With private tuition already at $30,000 a year, presuming a 6% annual increase, I'm looking at a $300,000 party by the time my 18-month old youngest sweetie is driving on to campus. (Again, I'm nauseated.)