What savings plan are you using for your childs college??why??

gerber?529? regular savings account??

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rosepetalluv

Asked by rosepetalluv at 7:01 PM on Feb. 12, 2012 in Money & Work

249 Level 8
Answers (10)
  • None. My husband's company pays 100% for college of any executive's child. The non-exempt employees get a stipend for their kids.
    robinkane

    Answer by robinkane at 7:11 PM on Feb. 12, 2012

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  • I don't use any plans they all have bank accts that I put 100 into every month.
    Mrs_Harsh

    Answer by Mrs_Harsh at 8:13 PM on Feb. 12, 2012

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  • My oldest has a special needs trust that we fund, the others have 529 plans
    missanc

    Answer by missanc at 9:46 PM on Feb. 12, 2012

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  • regular bank ats
    natachact

    Answer by natachact at 10:18 AM on Feb. 13, 2012

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  • We've been struggling to pay our mortgage and keep food lights and gas on,we have nothing lined up for the kids for college. We are however trying to find resources to help them. Were going to talk to the the high school he now attends and find out what scholarships are available for him. My son has been a straight A student and on the honor roll so we'll see. If anything we might have to get grants.
    MarGeee

    Answer by MarGeee at 10:54 AM on Feb. 13, 2012

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  • Would love any suggestions as to how we can help him.
    MarGeee

    Answer by MarGeee at 10:54 AM on Feb. 13, 2012

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  • We are using our states 529.
    Candi1024

    Answer by Candi1024 at 11:18 AM on Feb. 13, 2012

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  • Investment account
    rkoloms

    Answer by rkoloms at 2:34 PM on Feb. 13, 2012

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  • We don't save for college. My children will either get scholarships or pay for it on their own... PERIOD! I have seen too many people waste years on college and by the time they really graduate they are paying for it anyways.
    YellowBaby

    Answer by YellowBaby at 7:36 PM on Feb. 14, 2012

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  • We use Upromise attached to a high yield savings that we put $250 per pay period into. She also has a universal life policy that has the savings component and builds equity, so when she goes to college she surrenders the policy and gets what we have put into (plus the interest rate is 3%) I thought about doing a gerber plan also, BUT we want her to have a part time job to pay a portion of her college costs (like books, supplies, etc) She needs to contribute some so she will learn to be responsible and not slack off in her classes.
    BriHan06

    Answer by BriHan06 at 12:24 PM on Feb. 16, 2012

    Credits: 6565 Level 19 1 star Money & Work 101
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