As parents are scrambling to figure out some way — any way to afford to send their kids to college, one idea that keeps popping up is the prepaid tuition savings plan.
Basically these plans let you snapshot today’s tuition rate and pay that tuition for your child’s college education down the road.
I found this nifty little how-to article about pre-paid tuition plans on Yahoo Finance.
From a parent’s perspective I always kind of shied away from the idea of pre-paid tuition because I have no idea where my elementary-aged children will want to go.
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