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re: Best Plan for Kid's College Funds

Posted on 10/4/13 at 11:47 pm to
Posted by FootballNostradamus
Member since Nov 2009
20509 posts
Posted on 10/4/13 at 11:47 pm to
How do yal know where your kid is going to go when he selects his college? I feel like there's no way I could select a specific state.
Posted by Sigma
Fairhope, AL
Member since Dec 2005
3643 posts
Posted on 10/5/13 at 2:59 am to
The state plan you choose has nothing to do with the state in which you use the money.

Eta: This applies to 529 plans. I don't know about tops.
This post was edited on 10/5/13 at 3:02 am
Posted by shutterspeed
MS Gulf Coast
Member since May 2007
63525 posts
Posted on 10/5/13 at 10:38 am to
quote:

How do yal know where your kid is going to go when he selects his college? I feel like there's no way I could select a specific state.



In the case of a guaranteed tuition plan, the state pays for your kid's school, regardless of what state he attends, the going rate on the average university of the state you paid into.
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