Quote:
Originally Posted by
~PurityLake~ 
Is the college savings plan a good thing? I've just deposited my daughters' PFD's into a renewing CD or savings account.
If I remember right, with the college savings, you are actually buying a credit at today's rate. So, if credits are $100 each, and you put $1000 in the fund. You have bought 10 credits. So, in 18 years... you still have 10 credits worth of tuition.
At least that is how I remember it being done.
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