Prepaid college tuition plans are no longer the surefire solution to runaway tuition costs. However, they may be a way to save for college by locking in at least a portion of future tuition at today’s prices.
Posts Tagged: college planning
The Uniform Gifts to Minors Act (UGMA) and the Uniform Transfers to Minors Act (UTMA) are sometimes called the “granddaddies” of college savings accounts. Both allow parents to establish custodial accounts for a minor child, and a grandparent can then make gifts to the account.